Penn Station revamp key to revitalizing Midtown West: report

New York /
Oct.October 18, 2013 10:12 AM

Madison Square Garden should be shifted to an alternate site in order to allow Penn Station to expand and to help kick off the revitalization of Midtown West, a new report suggests. The report, which was released Thursday by the Municipal Art Society and Regional Plan Association, offers several alternative locations for MSG, including a property near the Jacob Javits Convention Center on 11th Avenue, but doesn’t offer specifics on how such a plan would be funded.

“We need to insist that our elected officials, primarily the mayor and the governor, working with the congressional delegation, deliver the political will, the financing, and whatever new entity we need to deliver the project,” Robert Yaro, president of the plan association, told Crain’s. Yaro added that both mayoral candidates, Bill de Blasio and Joe Lhota, support both a 10-year permit for the MSG and the redevelopment of Penn Station.

The report also stated that Amtrak’s current efforts to create a new station inside Farley Post Office would provide the station with much-needed breathing room, according to Crain’s. Amtrak’s separate effort to boost capacity at a new southern extension of the station would also reduce the load at the main depot. [Crain’s]  – Hiten Samtani


Related Articles

arrow_forward_ios
Vornado’s Penn plan, decades in making, reaches inflection point
Vornado’s Penn plan, decades in making, reaches inflection point
Vornado’s Penn plan, decades in making, reaches inflection point
(iStock/Illustration by Steven Dilakian for The Real Deal)
Hochul plan for resi towers is tall order
Hochul plan for resi towers is tall order
Renderings of 2 Penn with Vornado CEO Steven Roth and MSG Entertainment CEO James Dolan (Vornado, Getty)
MSG Entertainment re-ups at Vornado’s 2 Penn for 428K sf
MSG Entertainment re-ups at Vornado’s 2 Penn for 428K sf
Governor Kathy Hochul (Getty)
Hochul downsizes Cuomo’s Penn Station plan
Hochul downsizes Cuomo’s Penn Station plan
Will 10 new towers pay for Penn Station?
MTA chair: 10 new towers may not fund Penn Station expansion
MTA chair: 10 new towers may not fund Penn Station expansion
Hochul vows to work with mayor, punts on Penn Station details
Hochul vows to work with mayor, punts on Penn Station details
Hochul vows to work with mayor, punts on Penn Station details
Andrew Cuomo with the Port Authority Bus Terminal, Penn Station, and AirTrain JFK (Getty, ajay_suresh via Flickr, Ad Meskens/Wikimedia)
Three key Cuomo projects now on Kathy Hochul’s plate
Three key Cuomo projects now on Kathy Hochul’s plate
Governor Kathy Hochul (Getty, iStock)
Kathy Hochul faces tough decisions on real estate
Kathy Hochul faces tough decisions on real estate
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...