MTA touts low crime at Grand Central Madison in bid for retail stores
MTA Chair Janno Lieber cited next-to-nil crime rates at the commuter hub on Tuesday as a reason for businesses to rent one of the 32 newly available retail spaces inside. Grand Central Madison, Lieber said, should not have the same problems facing Fulton Transit Center, where a retail giant is citing crime as a reason to break its lease with the agency.
The MTA seeks a master tenant to oversee all the retail in the terminal. Transit officials have so far leased out only one commercial location inside the station,MTA officials hope to select a developer to run the retail spaces by June, with the goal of opening some shops in the fall, and filling out all the locations by 2026.
Lieber said he doesn’t expect the same kind of problems at Grand Central Madison, noting that the MTA has more control over entry into the LIRR station. Grand Central Madison, unlike Fulton Center, closes every night from 1 a.m. to 5 a.m.
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