Veronica Vanterpool

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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