New Yorkers and visitors alike are going to witness a grand transformation the likes of which New York has not seen in a century — one of which will cost an estimated $3 billion.
Gov. Andrew Cuomo announced Wednesday that the state is willing to invest billions in infrastructurestatewide. An integral part of statewide infrastructure improvements will include acceptingproposals for a public-private partnership to completely overhaul Penn Station. Cuomo said that the winning private developer may foot the cost — in exchange for retail and commercial rights.
Saying that the station is the most traversed in the hemisphere, Cuomo added that the hub’s cavernous, labyrinthine design is counter to New York’s spirit.”It is dark. It is constrained. It is dated. It is a lost opportunity,” Cuomo declared. “Frankly, it’s a miserable experience.” RELATED: What’s coming to Penn Station’s food hall Pennsy As such, the governor said that as part of a massive overhaul of the state’s infrastructure, the state will solicit proposals to bring Penn Station into the 21st century, including:
Cuomo added that joining the proposed redeveloped Farley Post Office and Penn Station will “double the capacity if not triple the capacity, which will make one complex which we call the Empire State Station.” RELATED: Private funding is needed forNYC/NJ tunnel The state plans tostart accepting proposals for the redevelopment this week and will be accepting plans for the next 90 days.
The construction cost is expected to cost in excess of $3 billion, of which $325 million will come from government sources, including USDOT, Port Authority and Amtrak.
Thoughwork will be “expedited,” according to the governor’s office, completion is estimated to be completed in the next three years, with Farley opening before Penn Station’s redevelopment is finished. Touching on the time it’s taken to seriously address the station’s deficiencies, Cuomo was characteristically candid.
“What is amazing is how long it has been tolerated,” he said. “It’s not like Penn was a secret. It has gone on for decade after decade after decade.”