New York’s state budget will include $1.3 billion for the ambitious plan to redevelop Pennsylvania Station and the surrounding area, a project that could reshape midtown Manhattan.
Governor Andrew Cuomo, who wants to expand and fix the maligned transit hub, has proposed developing the surrounding neighborhood. The draft plan would add 10 buildings with hotel space, offices, retail and potentially residential. Vornado Realty Trust, which owns much of the land targeted for development, will be a partner for the state’s project.
