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AMERICAN EXPERIENCE

Grand Central: Air Rights

  • Aired: 02/04/2008
  • 00:42
  • Rating: NR
Grand Central's builders pioneered the concept of air rights. Engineer William Wilgus called it "taking wealth from the air." Once the New York Central's tracks were electrified and buried below street level, the space above was leased to real estate developers to pay for the entire project. Today, few who walk north on Park Avenue in New York City realized the tracks are below them.
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Grand Central: Air Rights
Grand Central: Air Rights
Grand Central's builders pioneered the concept of air rights.
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