From the NY Post:
Thanks to bungling by the MTA and its contractors, the city's most crucial transit improvement -- designed to free Upper East Siders from the sardine-can-like rides on the Lexington Avenue line -- will be pushed back another one to two years, sources said.
The previous $4.3 billion price tag will now be somewhere between $4.4 and $4.8 billion. The line and its long history of delays -- its first groundbreaking was in 1972 -- had an original 2012 completion date, later revised to 2015. It now can be as late as July 2017, sources said.