Amtrak taps former Delta CEO
Richard Anderson to lead agency

Wick Moorman plans to step down by the end of the year

TRD New York /
Jun.June 26, 2017 05:01 PM

Richard Anderson (Credit Getty Images)

After the “summer of hell” at Penn Station, Amtrak CEO Wick Moorman plans to step down.

Former Delta CEO Richard Anderson will take over for Moorman in January and will serve as Amtrak’s co-CEO alongside his predecessor until the end of December, Politico reported. The changeup comes as Amtrak prepares to begin a series of repairs at Penn Station that are expected to cause significant disruptions for commuters.

Last month, Gov. Andrew Cuomo said the schedule changes would result in a “summer of hell.” The governor has also been pushing to shift control of Penn Station away from Amtrak.

The leadership change also comes as Amtrak and the Port Authority of New York and New Jersey are trying to find a way to kickstart the long-delayed Gateway tunnel project. The new tunnel from New York to New Jersey is expected to cost $20 billion, but the status of much-needed federal funding isn’t clear.

Amtrak brings in more than $100 million each year from its real estate assets across the country. The company has begun exploring development opportunities in several locations. That includes a deal to redevelop the Farley Post Office near Penn Station, which Vornado Realty Trust TRData LogoTINY and Related Companies were tapped to take on last year. The new Amtrak train hall is expected to be completed by 2020. [Politico] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
Mayor Bill de Blasio and subway damage caused by Hurricane Sandy (Credit: Getty Images)

Program to rebuild Sandy-damaged homes needs extra $92M

Donald Trump with Rep. Emanuel Cleaver II, Rep. Ron Kind and Sen. Cory Booker (Credit: Getty Images, iStock)

Trump’s Opportunity Zone program is under investigation

From left:  Council member Rafael Espinal, Mayor Bill de Blasio and Council member Antonio Reynoso (Credit: Getty Images, iStock)

Bushwick rezoning impasse puts de Blasio’s housing plan at risk

Neir’s Tavern (Credit: Google Maps)

City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline

Gov. Andrew Cuomo and a rendering of Penn Station (Credit: Getty Images, Governor's Office)

Landlord to Cuomo: “No intention of selling” Penn Station site

Donors favor Democrats over Trump (Credit: Getty Images, iStock)

Real estate donors are turning away from Trump

Governor Andrew Cuomo (Credit: Getty Images)

Cuomo announces new state rules following Newsday’s discrimination exposé

New York’s real estate market has been feeling the impact of Brexit for several years (Credit: iStock)

Brexit is happening. Will NYC’s luxury market get a bump?

arrow_forward_ios
Loading...