LeFrak will not be joining Cuomo’s Penn Station task force

Governor had asked mogul to serve on group that includes Steve Roth, Carl Weisbrod

TRD New York /
Jun.June 06, 2017 05:11 PM

From left: Andrew Cuomo, Richard LeFrak, Steve Roth and Penn Station (Credit: Getty Images)

Richard LeFrak has declined an appointment to a task force Gov. Andrew Cuomo assembled to resolve the mountain of issues plaguing Penn Station, according to LeFrak’s spokesperson.

In May, Cuomo tapped LeFrak TRData LogoTINY and Vornado Realty Trust’s Steve Roth to join the task force. The governor asked the task force to help determine what entity should ultimately operate Penn Station, saying he had “lost all patience” with longtime operator Amtrak and broaching the possibility of replacing Amtrak with a private “qualified operator,” New York State, or the Port Authority of New York and New Jersey.

But LeFrak, who serves as the chair and CEO of the LeFrak Organization and who Forbes estimates is worth $6.6 billion, is “unable to serve due to all of his other commitments,” his spokesperson said.

Penn Station’s operator would oversee the $1.6 billion transformation of the now-vacant James A. Farley Post Office Building into a grand new station entrance with 700,000 square feet of office and retail space. The state awarded that contract to Vornado, Skanska, and Related Companies in September, and the developers will collectively invest $600 million of their own money into the project. The operator would also oversee the in-limbo $20 billion Gateway Program to build new tunnels underneath the Hudson River to double the capacity of Amtrak’s Northeast Corridor lines and allow for high-speed rail service.

In January, President Trump tapped LeFrak and Roth, both close personal friends of his, to head up a council that will monitor national infrastructure spending.

“All their lives, they build,” Trump said at the time. “They build under-budget, ahead of schedule.”


Related Articles

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Governor Andrew Cuomo and 538 Johnson Avenue in Brooklyn (Credit: Google Maps and Getty Images)

Landlords take another hit: Cuomo signs expanded Loft Law

Governor Andrew Cuomo (Credit: Getty Images)

Cuomo wants to exempt NYC from prevailing wage bill

The Thurgood Marshall Courthouse in Lower Manhattan (Credit: iStock)

Housing court could get a lot more political under reform plan

WeWork employees speak up to management, NY condo buyers can stay anonymous after all

WeWork employees speak up to management, NY condo buyers can stay anonymous after all

Airbnb lost by a landslide in Jersey City. What went wrong?

Airbnb lost by a landslide in Jersey City. What went wrong?

Airbnb CEO Brian Chesky and Jersey City Mayor Steve Fulop (Credit: Twitter, iStock, Airbnb)

Stakes are high as Jersey City residents vote on Airbnb

EB-5 sees investment boost, tensions flare between brokers and StreetEasy: Daily digest

EB-5 sees investment boost, tensions flare between brokers and StreetEasy: Daily digest

arrow_forward_ios