Planning to convert a barely used railroad right-of-way running from the Bay Ridge waterfront through Brooklyn to Jackson Heights, Queens for passenger light rail, known as the IBX, is well underway.

Now is the time to figure out how to make sure it actually gets built and how to make the most of it for housing and economic development.

The 14-mile Interboro Express would provide new transit options for almost a million New Yorkers who live along the route, along with about a quarter million commuters who work in Brooklyn and Queens. Taking only 40 minutes from end to end, it would connect with 17 existing subway stations and the Long Island Railroad.

But the IBX is more than a transit project. It’s a chance to rethink land use and economic development in parts of Brooklyn and Queens th

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