De Blasio appointee on MTA board skeptical of cost for Cuomo’s Penn Station plan

An appointee of Mayor Bill de Blasio to the Metropolitan Transportation Authority’s board raised concerns Wednesday about the funding for New York Governor Andrew Cuomo’s grand plans for the new Penn Station. Earlier this week, Cuomo named the Related Companies and Vornado Realty Trust the developers of the project that would turn the James A. […]

Port Authority approves up to $150M for Moynihan Station

The Port Authority of New York and New Jersey will provide up to $150 million in funds for the development of Moynihan Station, the proposed transit hall at the site of the Farley post office near Penn Station. On Thursday, the bi-state agency’s board approved the capital contribution, which will come from the Port Authority’s […]

Penn Station: The new home to NYC’s hottest thrill ride?

If a Brooklyn developer gets his way, New Yorkers will soon hear screams coming from Penn Station. No, not because of the soul-crushing decor, but due to a free-fall tower Brooklyn Capital Partners hopes to build on top of Madison Square Garden or the James A. Farley Building. The firm has proposed building a 1,200-foot-high […]