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Cuomo Proposes State Takeover of Penn Station Vicinity

Gov. Andrew Cuomo has proposed that New York State take control of a development zone around Penn Station in Midtown. Released as the state legislature was racing toward a deadline to finalize a budget for the next fiscal year, Cuomo’s proposal would have the Empire State Development Corporation and the Metropolitan Transportation Authority control the area around the station.

Much of the property surrounding Penn Station is owned by Vornado Realty Trust, which declined comment when Politico reported the governor’s plan. Local officials, including members of the de Blasio administration, criticized the proposal, although Kathryn Wylde of the Partnership for New York City lauded the governor for taking the lead on measures to revamp the overcrowded rail facility into a modern transit hub.

“It completely erases any role for the city, local officials or the surrounding community,” Alicia Glen, deputy mayor of housing and economic development, told the New York Times.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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