MAJOR RECONSTRUCTION PLANS FOR PENN STATION IN NEW YORK CITY

New York governor Andrew Cuomo has unveiled a plan to restart the long-stalled renovation and expansion of New York City’s Pennsylvania Station, the busiest train hub in the US. Cuomo is aiming to create a new public/private partnership with a developer to expand the existing station and build a new hub across the street in a massive former post office and mail-sorting facility. The developer would also control retail spaces in the facilities and gain substantial development rights for new office or residential space above or near the former postal building.The governor is committing $325 million (£222 million) in government funds for the project, but the total project is expected to cost $3 billion (£2 billion).

“Penn Station is the heart of New York’s economy and transportation network, but it has been outdated, overcrowded, and unworthy of the Empire State for far too long,” said Governor Cuomo. “We want to build Penn Station to be better than it ever was, and that is exactly what we are going to do.”

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PHOTOS: www.governor.ny.gov
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