A funding agreement has been reached for the multibillion-dollar redevelopment of New York’s aging Penn Station, the country’s busiest rail hub.
A recent study commissioned by Reinvent Albany, a state government watchdog group, estimated that the payments in lieu of taxes would amount to about $4 billion, a number that assumed a southern expansion of the station to accommodate more tracks when a new Hudson River tunnel is built several years from now. That expansion, which is in initial discussions, is projected to cost an additional $13 billion.
The plan calls for a large, single-level train hall with higher ceilings and a 450-foot-long skylight to replace the current cramped, windowless interior; more escalators, stairs and elevators to platforms, and more street entrances to reduce sidewalk crowding. Hochul Penn Station Reno Plan Hopes to Remind Us of Heavens ‘Despite Feeling You May Be Living in Hell’
“A skylight that reminds you 'yes, the heavens are out there still -- despite the feeling you may be living in hell," she said. revamping Penn Station and changing it into a modern, light-filled facility easy to navigate, while also revitalizing the surrounding neighborhood to prioritize the public realm, invest in affordable housing, increase transit access, and create a pedestrian-friendly streetscape, among other points.
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