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On Track or Off the Rails? New York State’s Plan to Use New Development to Fund Penn Station Improvements Leaves Many Open Questions for New York City

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New York State has proposed a plan to develop 10 new, mixed-use towers around Penn Station & to use the property tax revenue generated to finance the reconstruction & possible expansion of the country’s busiest train station. We examine what is included in the state’s plan & the fiscal implications

Agency
Subject
Report type
  • Reports - Other (Consultant/Staff)
Date published
  • 2022-05-09
Language
Calendar year
  • 2022
Required Report Name
  • Not Required

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