New York Governor Cuomo Considers Reset for Long-Delayed Penn Station Expansion

December 15, 2015

 

Gov. Andrew M. Cuomo is considering a bold move to restart the long-stalled plan to transform Midtown Manhattan’s blocklong general post office into a $900 million transit and commercial hub for Pennsylvania Station: jettisoning the developers, Related Companies and Vornado Realty.Website Insert Start Here copy

This year, the developers promised state officials impatient with the lack of progress that they would finally close on the deal without a tenant.

Despite what both sides say was progress on the price, totaling hundreds of millions of dollars, state officials told the developers at a meeting on Thursday that the state was tired of waiting and was considering replacing Related and Vornado.

Click here to read the full story in The New York Times.

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