Unprecedented Public-Private Partnership to Expedite Approximately $3 Billion Project
Solicitations Being Issued to Developers This Week, Due Back in 90 Days; Groundbreaking Targeted for This Year
Governor’s Presentation, Including Conceptual Renderings, Available Here
This afternoon, Governor Cuomo unveiled the sixth signature proposal of his 2016 agenda: transform Penn Station and the historic James A. Farley Post Office into a world-class transportation hub. The project, known as the Empire Station Complex, will feature significant passenger improvements, including first-class amenities, natural light, increased train capacity and decreased congestion, and improved signage to dramatically enhance the travel experience. The project – which is anticipated to cost $3 billion – will be expedited by a public-private partnership in order to break ground this year and complete substantial construction within the next three years. More information on the Governor’s announcement is available here.
The Governor discussed the Empire Station proposal at an event today in Madison Square Garden – the presentation can be found here.
VIDEO of the announcement is available on YouTube here.
PHOTOS and RENDERINGS will be available shortly on the Governor’s Flickr page.
AUDIO of the Governor’s announcement is available here.
The proposal for both redevelopment are described below:
Penn Station Redevelopment: The existing Penn Station facility, which lies beneath Madison Square Garden and between 7th and 8th Avenues, will be dramatically renovated. The project will widen existing corridors, reconfiguring ticketing and waiting areas, improve connectivity between the lower levels and street level, bring natural light into the facility, improve signage, simplify navigation and reduce congestion, and expand and upgrade the retail offerings and passenger amenities on all levels of the station. The new station will include Wi-Fi, modernized train information displays and streamlined ticketing.
Several design alternatives will be considered, including major exterior renovations involving 33rd street, 7th avenue, 8th avenue, and/or Madison Square Garden Theater. Renderings of all of these options are available in the Governor’s presentation here.
Farley Post Office Redevelopment: As part of the Governor’s proposal, the Farley Post Office, which sits across 8th Avenue from Penn Station, will be redeveloped into a state-of-the-art train hall for Amtrak, the new train hall, with services for passengers of the Long Island Rail Road, New Jersey Transit and the new Air Train to LaGuardia Airport. The train hall will be connected to Penn Station via an underground pedestrian concourse, and increase the station’s size by 50 percent. At 210,000 square feet, the train hall will be roughly equivalent in size to the main room at Grand Central Terminal. The new facility will offer more concourse and circulation space, include retail space and modern amenities such as Wi-Fi and digital ticketing, and feature 30 new escalators, elevators and stairs to speed passenger flow. The Governor’s proposal also calls for an iconic yet energy-efficient architectural design.
A rendering from the inside of the proposed train hall is available here.
Public-Private Partnership: The simultaneous redevelopments will be advanced by a public-private partnership on an unprecedented scale, resulting in one holistic and interconnected world-class station. Solicitations to developers will be issued by the state (which owns the Farley Post Office) and Amtrak (which owns Penn Station) this week. Responses are due in 90 days.
The construction cost is expected to be in excess of $3 billion, including $2 billion to redevelop Farley and Penn into a world-class transportation hub and at least $1 billion for ancillary retail and commercial developments between 7th and 9th avenues. $325 million of this will come from government sources, including USDOT, Port Authority and Amtrak. Nearly all of the work will be funded by private investment, in exchange for an interest in the long-term revenue stream generated by the retail and commercial rents.
In light of years the public has waited for this important infrastructure upgrade, work will be expedited, with completion expected in the next three years, and Farley opening before Penn Station’s redevelopment is finished. State and federal environmental review has already been completed on redevelopment plans for the Farley Building, clearing a major hurdle and lining the project up for work to begin.
The redevelopment builds on work already underway beneath the Farley Building, in which construction of the lower concourse and underground connections to the subway and Penn Station is on budget and on schedule, for completion in the fall of 2016. With the structural steel completed in January 2015, more than 300 workers are now on site each day fitting out the new commuter concourse west of 8th Avenue in preparation for its opening next fall. Renovations to Penn Station and redevelopment of the Farley building are expected to begin after that work is completed.
The new complex will also lay the foundation for a further expansion south, connecting to the Gateway Project.