BQX Financial Feasibility Study
BJH was retained by the Friends of the BQX, a group led by property owners and business interests along the Brooklyn-Queens waterfront, to study the financial feasibility and determine optimal financial structuring for a new streetcar that would stretch from Astoria, Queens to Sunset Park, Brooklyn. BJH estimated development scale along the 11 neighborhoods in the corridor and applied the concept of “transit premiums” to real estate values and development pace. The computed value was then compared to the cost of the system. BJH’s work was presented to the City of New York, who subsequently hired BJH as part of the initial team to test design, engineering and financial/economic feasibilities.
