Last month, the MTA said the repairs would take at least a year.
But on Thursday, the agency said it estimates that fully restoring the station would take much longer and cost $600 million.
That includes $350 million for physical repairs; $200 million for signal replacement; $30 million for third-rail equipment and $20 million for line equipment.
The South Ferry subway station, at Manhattan's southern tip, was inundated with water up to its ceiling during the storm.
The No. 1 train station underwent a $545 million renovation and expansion in 2009.
The station is a major conduit to the Staten Island and Liberty Island ferries.
Tuesday, June 18 2013 11:01 PM EDT2013-06-19 03:01:57 GMT
Photo courtesy of @N42_21_W71_04)
Riders should anticipate some changes but "near normal" service on the Long Island Rail Road for the Wednesday morning rush.
Riders should anticipate some changes but "near normal" service on the Long Island Rail Road for the Wednesday morning rush. Crews have bee working to repair tracks and switches after Monday's derailment.
Tuesday, June 18 2013 8:34 PM EDT2013-06-19 00:34:07 GMT
It's a sight that can trigger dread. The low-battery message appears on your cell phone when there's no charger around.
It's a sight that can trigger dread. The low-battery message appears on your cell phone when there's no charger around. Now New York City has teamed up with AT&T to install 25 solar powered charging stations over the summer.
Tuesday, June 18 2013 4:55 PM EDT2013-06-18 20:55:38 GMT
A man accused of fatally shooting a gay man walking with a companion in New York City's Greenwich Village pleaded not guilty.
A man accused of fatally shooting a gay man walking with a companion in New York City's Greenwich Village afterward claimed that he opened fire because the victim "thought he was tough in front of his bitch," prosecutors said in court papers Tuesday.
Tuesday, June 18 2013 3:32 PM EDT2013-06-18 19:32:12 GMT
NYC
Nearly 3 million New Yorkers' homes are now in evacuation zones that cover more than a third of the city's population, under new maps released Tuesday.
Nearly 3 million New Yorkers' homes are now in evacuation zones that cover more than a third of the city's population, under new maps released Tuesday.In the wake of Superstorm Sandy, officials said last month, the number of zones would double and encompass about 600,000 more residents.
Tuesday, June 18 2013 3:05 PM EDT2013-06-18 19:05:09 GMT
Police are looking for a man who stabbed another man in Times Square Tuesday afternoon, authorities said.The victim was stabbed in the chest, the NYPD and FDNY said.
Police are looking for a man who stabbed another man in Times Square Tuesday afternoon, authorities said.The victim was stabbed in the chest, the NYPD and FDNY said.
Tuesday, June 18 2013 12:20 PM EDT2013-06-18 16:20:04 GMT
The director of the National Security Agency said Tuesday the government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange.
The director of the National Security Agency said Tuesday the government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange.
Tuesday, June 18 2013 10:04 AM EDT2013-06-18 14:04:15 GMT
Former New York City Mayor Ed Koch meticulously planned his own funeral, but his tombstone has the wrong birth date. The headstone lists his birth year as 1942 instead of 1924.
Former New York City Mayor Ed Koch meticulously planned his own funeral, but his tombstone has the wrong birth date. The headstone lists his birth year as 1942 instead of 1924.
Monday, June 17 2013 9:50 PM EDT2013-06-18 01:50:24 GMT
More than two dozen family members packed a court room to support the daughter who never gave up on finding her father's killer.
More than two dozen family members packed a court room to support the daughter who never gave up on finding her father's killer. For the first time, Joselyn Martinez came face to face with the man she believes took her dad away from her when she was just a little girl.
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South Street subway station flooded during superstorm Sandy.
