As GlobeSt.com reported earlier, Gov. George Pataki and Mayor Michael Bloomberg in a press conference Thursday called for the approval of the plan, lauding its expected benefits for the city.
"The Moynihan Station project is one of the more important transportation projects in the country," Pataki says, according to the press release issued after the event. "New York commuters are in desperate need of a redesigned and updated transit center… ."
The venture, to be developed by the Related Cos. and Vornado Realty Trust, is meant to clear commuter congestion at Penn Station. The new Daniel Patrick Moynihan Station will house space for New Jersey Transit and Long Island Railroad, while being connected to Penn Station. New Jersey Transit agreed to anchor the project in November 2005, as reported by GlobeSt.com.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.