Quote:
Originally Posted by madrian
So does that mean the skyscrapers around Penn Station are shelved as well?
Edit: Never mind I see the part where they say that Vornado could still develop the area in the future.
|
No. Just poor reporting. The NY Times is a major newspaper, so, you would expect better. But we’ve been following this development, so I can clear it up.
First thing, there are 2 separate things going on at Penn Station - the rebuilding/improvement of the current station, and the expansion of the station to the blocks immediately south. The income from the towers (that would otherwise go to NYC taxes) was always meant to help finance the
expansion. That’s why it was always clarified under Cuomo that this project was independent of the rebuilding of the current station. Governor Hochul, for some reason, decided she would rope it all in together. Maybe she thought it would help people better understand what’s going on, but its just the opposite. There were no towers planned to begin anytime soon, except for 15 Penn, which was on deck before any of this. The rest of the towers woukd be phased in over a couple of decades.
The rebuilding of the current station is set to begin sometime this year (they said as early as this summer). But the expansion, which is a separate project, is undergoing federal environmental review. They haven’t
officially declared those blocks south, so any purchase/designation/rfp for those sites can’t move forward until then.