NY begins accepting applications for multibillion-dollar revamp of Penn Station area

New York state is now accepting applications from corporations to design its controversial multibillion-dollar revamp of Penn Station and its surrounding area, Gov. Kathy Hochul stated Thursday.

“This new plan will make the whole Penn area a place where people want to be,” Hochul stated at a press convention alongside Mayor Eric Adams and NJ Gov. Phil Murphy.

The $7 billion redevelopment features a rehab of the ghoulish practice station, 10 new skyscrapers and improved pedestrianization. New residential items may even be constructed.

“This is the embodiment of transit-oriented development,” Hochul stated. “You bring in people to place their jobs or right out the door, and also create living space. This is the model for the future.”

Murphy and Adams had not publicly dedicated to the plan earlier than Thursday.

Hochul stated corporations have till July 28 to submit proposals for the station renovation, which is anticipated to value a number of hundred million {dollars}.

NY Gov. Kathy Hochul
New York Gov. Kathy Hochul introduced NY is now accepting applications from corporations to revamp Penn Station.
Getty Photographs
All the redesign is slated to value $7 billion.
Penn Station
The MTA had beforehand floated an concept to show Penn Station right into a single-level facility.
Bloomberg by way of Getty Photographs

A earlier design floated by the MTA last year would get rid of 40 p.c of the station’s higher degree can be eradicated — making a single-level facility with 40-foot-high ceilings.

The rehab wouldn’t require relocating Madison Sq. Backyard, which has sat atop the key transit hub since 1968.

Watchdogs and neighborhood opponents warn the plan might rob metropolis coffers of a lot wanted funding and hand it over to builders, particularly Vornado Realty Belief.

Penn Station
New York Gov. Kathy Hochul says that corporations have till July 28 to submit plans for a renovation of Penn Station.
Getty Photographs
Penn Station revamp
Along with redesigning Penn Station, the revamp will embrace new skyscrapers and residential housing.
Penn Station revamp
Critics allege the mission is being pushed by way of with out correct oversight.

Critics say the mission, first crafted by ex-Gov. Andrew Cuomo, is being pushed by way of with out oversight from the town or state legislature. The mission is not going to endure ULURP, or Uniform Land Use Evaluate Process — a standardized city-level course of for public assessment of tasks. As an alternative, the state plans to grab a number of properties by way of eminent area.

Opponents have additionally argued that “payments in lieu of taxes” to the state from the builders would successfully give these corporations a discount on their taxes, whereas redirecting tax revenues meant for the town to the state funds.

Requested about that criticism on Thursday, Hochul declined to debate whether or not donations from Vornado boss Steve Roth and his household spurred her to push by way of the skyscrapers.

“We believe this is a place for new commercial buildings to be built,” she stated.

“I’m very proud to move this forward.”

Extra reporting by Georgett Roberts

Source link