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Hochul Proposes Scaled-Down Plan for Penn Station Redevelopment
Gov. Kathy Hochul on Wednesday unveiled a scaled-down plan for redeveloping Penn Station in Midtown Manhattan, one that she said would reflect the community’s needs and focus on public transit and public realm improvements. She said the plan prioritizes the reconstruction of the existing facility while the station expansion and the Gateway Project initiatives, both of which she strongly supports, continue on their federally-established timelines.
“The era of neglecting our Penn Station commuters and the neighboring community is over,” said Hochul. “New York leaders are expected to offer visionary ideas and take bold actions, and that’s exactly what my proposed transformation of Penn Station accomplishes.”
In terms of the surrounding development, which will help fund the project, the new proposal shaves off 1.4 million square feet of density from the previous plan and decreases heights for proposed buildings. However, Hochul said it would still achieve revenue objectives.
- ◦Development
- ◦Policy/Gov't
