Moynihan secures $83M in stimulus funds

The stalled Moynihan Station project has just received $83.3 million in federal stimulus cash, according to DNA Info, enough to round out the funding needed for the first phase of construction. The project, which will transform the post office adjacent to Penn Station into a rail hub, has already accrued $140 million in funds from the Metropolitan Transportation Authority and federal agencies. The first phase will include rail construction and renovations to Penn Station. The second phase, for which funding has not yet been acquired, will involve the renovation of the post office as a travel hub.