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
Photo illustration of Vornado CEO Steven Roth and Hotel Pennsylvania at 401 Seventh Avenue (Getty, iStock, Vornado)
“Inevitable”: Vornado will demolish Hotel Pennsylvania
“Inevitable”: Vornado will demolish Hotel Pennsylvania
Gov. Andrew Cuomo (Getty, iStock)
Cuomo’s $1.3B for Penn Station work can’t go to towers
Cuomo’s $1.3B for Penn Station work can’t go to towers
Gov. Andrew Cuomo and an aerial view of the Empire Station Complex site (Getty, Empire State Development)
Towers planned around Penn Station face backlash
Towers planned around Penn Station face backlash
Madison Square Garden with New York City Council members Alicka Ampry-Samuel (top), Justin Brannan (right) and Keith Powers (bottom) (iStock; New York City Council)
Madison Square Garden donates to City Council candidates
Madison Square Garden donates to City Council candidates
Gov. Andrew Cuomo announced that a major development surrounding Penn Station. (Getty)
Cuomo adds housing to $51B Midtown West project
Cuomo adds housing to $51B Midtown West project
Inside the $1.6B Moynihan Train Hall redevelopment
Inside the $1.6B Moynihan Train Hall redevelopment
Inside the $1.6B Moynihan Train Hall redevelopment
Vornado’s 11 Penn Plaza and Steve Roth (Getty; Vornado)
Here’s what tenants are paying at Vornado’s 11 Penn Plaza
Here’s what tenants are paying at Vornado’s 11 Penn Plaza
Vornado's Steve Roth and Dig Inn at 11 Penn Plaza (Getty, Google Maps)
For giant Vornado, even $87K in missing rent matters
For giant Vornado, even $87K in missing rent matters
arrow_forward_ios

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

Loading...