Tag: Roth, Steven

The Office Market is Cratering. Why Should That Hold Up Penn Station?

Several lawmakers have withdrawn their support for the state’s project in Midtown Manhattan as new developers rush to offer alternatives for remaking the transit hub.

April 13, 2023
Plan B for Fixing Penn Station Would Wrap Madison Square Garden in Glass

The previous proposal to help pay for the renovation of the station, which could cost up to $10 billion in state funds, has been shelved.

March 28, 2023
Manhattan Has a Glut of Empty Offices. Hochul Wants to Build More.

Despite near record-high office vacancies, Gov. Kathy Hochul has backed a real estate project at the New York transit hub that would be one of the largest in American history.

August 29, 2022
What to Know About Penn Station’s $7 Billion Redevelopment Plan

The project promises to update the notorious eyesore but critics of the plan are concerned about the cost.

July 21, 2022