$1.6 Billion Plan Announced to Expand Penn Station

Governor Andrew Cuomo and Senator Chuck Schumer are announcing plans on Monday to renovate the Farley Post Office in order to expand Penn Station.

The $1.6 billion plan will transform the post office into a 255,000 square foot train hall that will serve Long Island Railroad and Amtrak passengers.  It will increase concourse space at Penn Station by more than 50 percent, while also creating thousands of construction jobs and adding new retail space.

"The Farley Building’s Moynihan Train Hall is two decades in the making, and we are proud that this project is finally a reality. With better access to trains and subways and state-of-the-art infrastructure, the Moynihan Train Hall seamlessly joins history, architectural design and function, bringing the nation’s busiest rail station into the 21st century," Governor Cuomo said in a statement.

The train hall will include nine platforms and 17 tracks, with direct connections also to the Eight Avenue Subway.

The state is contributing $550 million to the project, while $420 million is coming from Amtrak, the MTA, the Port Authority and federal grants.  Another $630 is being funded by joint venture developers.

“LIRR and Amtrak commuters are going to love the new grand train hall, the significant increase in concourse space and the coming improvements to the brutally overcrowded 33rd Street corridors,” Senator Schumer said.

The project is expected to be completed by the end of 2020.

Photo Credit:  Getty Images

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