In a letter to the state agency in charge of redeveloping Penn Station and the surrounding midtown neighborhood, New York City officials stated that financing for the project 'must be concretely resolved.'
But, in the case of Hudson Yards, which Gelinas said made some sense since they were building a neighborhood from scratch, city taxpayers still ended up subsidizing that projectRendering of a redesigned 33rd Street next to Penn Station.Courtesy of Governor Hochul's Office
“In this case, there are already functional, taxpaying buildings within the ‘project area,’ and developers are of course free to renovate or even rebuild them under existing zoning,” she wrote in a statement.to move forward, but it is being developed in coordination with the New York City Department of Transportation and the city planning commission.
“We look forward to continuing to work with the state to ensure the area around Penn Station is transformed into the world-class transit hub New Yorkers deserve,” Charles Lutvak, a City Hall spokesperson, wrote in a statement. “The city supports the state’s proposal for substantial new density along with transit and public space improvements around Penn Station, an area long overdue for upgrades.
Empire State Development likewise said it viewed the letter as part of the ongoing conversation about how to redevelop midtown. “We are encouraged by the Commission’s support for our collective goal: the long-overdue revitalization of the area around Penn Station, “ spokesperson Matthew Gorton wrote in a statement. "We will continue to work with the NYC Planning Commission, Mayor Adams’s Administration, and all stakeholders to make sure the world’s busiest transit hub is also the world’s best."
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