It's beginning to look like Vornado CEO Steven Roth did New York City a huge favor earlier this year when he took the air out of the balloon for a massive redevelopment of the neighborhood on Eighth Avenue surrounding NYC's Penn Station.
One of the biggest architectural blunders in NYC's history was the decision to tear down Penn Station and build the fourth iteration of Madison Square Garden on top of it in the late 1960s.
The removal of the Victorian railway palace literally and figuratively turned Manhattan's largest transportation hub—the place where hundreds of thousands of people get their first glimpse of the Big Apple—into a confusing and cramped underground rat warren.
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