![]() The New York City Board of Estimate approved the contracts in January 1928, allowing the builders to construct the line using the cut-and-cover method, despite merchants' requests that the line be constructed using tunneling shields. The Marcus Contracting Company was hired to build the portion north of Liberty Street, including the Fulton Street station, for $4.7 million, while Moranti and Raymond were hired to build the portion to the south for $5.7 million. The BOT awarded construction contracts for the line's construction two months later. That September, contractors again submitted bids to the BOT some bidders offered to build the entire line, while others only offered to construct the segments of the line to the north or south of Liberty Street. The BOT received bids for the construction of the line that July, but it rejected every bid the next month because of concerns over the lowest bidder's ability to complete the work. At the time, the city wanted to take over the BMT's lines but could not do so until all Dual Contracts lines were completed. The city government agreed to build the Nassau Street Line in May 1927, after the BMT sued the city for $30 million. Work did not commence until after James Walker succeeded Hylan as mayor at the end of 1925. By January 1925, the BMT was asking its passengers to pressure Hylan into approving the remainder of the Nassau Street Line. Meanwhile, the BMT claimed that the city's failure to complete the line was overburdening other BMT lines. Delaney believed that the line was unnecessary because both of its planned stations would be extremely close to existing subway stations. However, mayor John Hylan refused to act during his final two years in office. At the time, the BMT was planning to construct two stations on the Nassau Street Line, including one at the intersection of Wall and Broad Streets. BMT chairman Gerhard Dahl was persistent at requesting that the city build the line, saying in 1923 that the BMT was willing to operate the line as soon as the city completed it. Most of the BMT's Dual Contracts lines were completed by 1924, except for the Nassau Street Line. Among the buildings were the New York Stock Exchange Building, the Mills Building, and 23 Wall Street. In July 1915, the New York Public Service Commission received the rights to build subway entrances within five buildings near the intersection of Broad and Wall Streets, which would have served the proposed BRT station there. On March 19, 1913, the Brooklyn Rapid Transit Company (BRT after 1923, the Brooklyn–Manhattan Transit Corporation or BMT ) and the city signed Contract 4 of the Dual Contracts, which provided for the construction of certain lines, including the Nassau Street Line. Between 19, Broad Street was only open on weekdays and weekday nights. Despite being under Broad and Nassau Streets, with Wall Street as the cross-street, this station was named after Broad Street to prevent confusion with other stations. This station opened on May 29, 1931, as part of the final portion of the Nassau Street Line. The Nassau Street Line was one of the last lines to be completed under the Dual Contracts, and construction did not proceed until James Walker was elected as mayor of New York City in 1926. The station was built as part of the Dual Contracts, signed between the Brooklyn Rapid Transit Company (later reorganized as the Brooklyn–Manhattan Transit Corporation, or BMT) and the city in 1913. ![]() It serves as the southern terminal for J trains at all times and for Z trains during rush hours in the peak direction. The Broad Street station is a station on the BMT Nassau Street Line of the New York City Subway at the intersection of Broad and Wall Streets in the Financial District of Manhattan. Stops rush hours in the peak direction only
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