[NYguy]

Originally Posted by aquablue

What is going in the back of the Farley station? Is it offices? Originally MSG had a plan to move there, I hope they will still have that option.

That part hasn't been fully revealed yet.



http://www.crainsnewyork.com/article...groundbreaking

Finally, action: LaGuardia, Moynihan projects get going
Cuomo, at Delta terminal groundbreaking, reveals train hall start is just two weeks away

By Will Bredderman
August 8, 2017

...The Moynihan Station project across from Penn Station comes nearly seven years after the first stage of the overhaul, a concourse expansion for the Long Island Rail Road, broke ground.

The governor unveiled the Moynihan news in an apparent aside, as he launched into a familiar jeremiad against projects that foundered in the "quagmire of the bureaucracy."

"Senator Daniel Patrick Moynihan, God rest his soul, said 20 years ago we need a substitute for Penn Station, because Penn Station is intolerable, and we should build a new train hall across the street," the governor said. "You know what happened in the interim? Nothing. And you know what's going to happen in two weeks? We're going to break ground on the new Moynihan train hall."

The Empire State Economic Development Corp., which Cuomo controls, finalized a deal with Vornado Realty Trust and Related Companies to overhaul the Farley post office building in June. Under the deal, the two private developers will pitch in $630 million toward the project, with the state directly contributing $550 million, plus other funds through the Metropolitan Transportation Authority. Amtrak and the federal government will provide the balance of the $1.6 billion project.

Related and Vornado had previously signed on to redevelop the station in 2005, but ran into complications surrounding the possible relocation of Madison Square Garden from atop Penn Station and then the 2008 financial crisis.

Federal stimulus monies allowed the LIRR concourse expansion to break ground in 2010, and it opened to the public in June.