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fowler_fre_paper - The Renovation of Bostons South Station...

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The Renovation of Boston’s South Station Term Project 1.011 - Project Evaluation Alexander French & William Fowler 1.011 - Project Evaluation Massachusetts Institute of Technology
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Department of Civil and Environmental Engineering 1.011 - Project Evaluation Cover Photo: South Station, May 6, 2003, Will Fowler Table of Contents Section 1: Background . ......................................................... 4 History ±of ±the ±Station±. .................................................... 4 First Renovation . ....................................................... 6 Decline ±of ±the ±Railroads± . ................................................. 7 South ±Station ±Sold ±to ±the ±MBTA±. ........................................... 8 Section 2: Concept of the Renovation . ............................................. 9 The 1980s Renovation of South Station . ..................................... 9 Opposition and Controversy . ............................................. 13 Risks ±and ±Uncertainty±. .................................................. 14 Section ±3: ±Financial ±Analysis± . .................................................. 15 Funding and Costs . ..................................................... 15 Revenues ±and ±Benefits±. .................................................. 18 Actual ±Results±. ........................................................ 22 Other ±Points ±Of ±View± .................................................... 23 Section ±4: ±Conclusion± . ........................................................ 27 Future ±Development. .................................................... 28 Appendix A: Financial Sensitivity Analysis . ....................................... 29 Appendix ±B: ±List ±of ±Sources±. ................................................... 34 South Station 2
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Department of Civil and Environmental Engineering 1.011 - Project Evaluation List of Figures The facade of South Station in the 1920's (Boston Public Library) . ..................................... 4 Inside ±the ±train ±shed ±in ±South ±Station ±(Boston ±Public ±Library)± . ........................................ ± 5
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fowler_fre_paper - The Renovation of Bostons South Station...

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