After chatter last month that the state may reboot the plan to expand Penn Station into the adjacent Farley Post Office, the Wall Street Journal is now reporting that Governor Cuomo will announce this week a full overhaul for the nation’s busiest transit hub. It’s expected that his plan will indeed include the projected $900 million post office redevelopment known as Moynihan Station, which will relocate Amtrak’s waiting area, thereby freeing up room to improve current LIRR and NJ Transit concourses. Another component may be to relocate Madison Square Garden from atop the station so that more light and air can filter down to the subterranean space.
But questions still remain. Who will pay for such a massive undertaking? How will this affect the decade-old deal with developers Related Cos. and Vornado Realty? Let us know what you think!
Images: Farley Post Office (L); Current Penn Station entrance (R)