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Major Developments, Midtown West, Transportation

MTA board member asks who will pay for Penn Station overhaul

By Michelle Cohen, Thu, September 29, 2016

Moynihan Train Hall, Empire State Development Corporation, Amtrak, MTA, ANDREW CUOMO, EMPIRE STATION COMPLEX, JAMES A. FARLEY POST OFFICE, MOYNIHAN STATION, PENN STATION, Skidmore, Owings & Merrill, SOM, McKim, Mead & White, Madison Square Garden

As 6sqft previously reported, Governor Andrew Cuomo announced plans early this week for a $1.6 billion overhaul of Penn Station, and further details revealed that the Metropolitan Transportation Authority would be responsible for $150 of the project’s costs. Since those plans were released, questions have been raised about where that organization’s share of the tab would be coming from in an already stretched budget.

So where is this money coming from?

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Features, Major Developments, Midtown West, Transportation

Moynihan Train Hall, Empire State Development Corporation, Amtrak, MTA, ANDREW CUOMO, EMPIRE STATION COMPLEX, JAMES A. FARLEY POST OFFICE, MOYNIHAN STATION, PENN STATION, Skidmore, Owings & Merrill, SOM, McKim, Mead & White, Madison Square Garden

In a presentation (pdf) Tuesday at the Association for a Better New York, Governor Andrew Cuomo announced that plans for transforming a revamped Penn Station-Moynihan Train Hall complex into a “world-class 21st century transportation hub” were back on track and ready to roll, complete with a slew of new renderings and the selection of a developer-builder team including the Related Companies, Vornado, and Skanska AB, to redevelop the Farley Building.

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Amtrak Gateway Program

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When Governor Cuomo announced his $3 billion revamp of Penn Station earlier this month, skeptics were quick to point out that all the glassy new structures and reconfiguration of waiting rooms won’t do anything to help the fact that the Hudson River rail tunnels are crumbling. Clearly on the same page, Amtrak announced yesterday a detailed overview of the entire infrastructure project, and it comes in at a whopping $23.9 billion.

According to the Times, “the largest share of about $7.7 billion [will go towards] building the new Hudson tunnel and repairing the existing tunnel. The project includes a host of other elements, including expanding Pennsylvania Station in Manhattan at an estimated cost of $5.9 billion, and replacing rail bridges in New Jersey.”

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