moving forward on the penn redo — while waiting on gateway and the penn south expansion.
Penn Station's $7B overhaul to be paid for by federal and state subsidies, Hochul says
By Stephen Nessen
Published Jun 26, 2023
It’s back to the drawing board for the plan to renovate Penn Station, Gov. Kathy Hochul said Monday.
After five years of relying on former Gov. Andrew Cuomo’s plan to use fees from 10 new skyscrapers to help pay for an overhaul of the train hub and its surrounding area, Hochul now says the estimated $7 billion of work will be paid for by state and federal subsidies.
The announcement comes after the developer Vornado backed away from plans to build new skyscrapers near the station last year due to low demand for office space.
Hochul said the MTA will run the redesign of the station, which is owned by Amtrak. Preliminary renderings of the plan released Monday are similar to previous ones released by the MTA, with a new skylight and a single concourse with high ceilings.
more:
https://gothamist.com/news/penn-stat...es-hochul-says

A rendering of Italian firm ASTM’s proposal for Penn Station.