“Before we proceed with one of the largest real estate projects in New York City history, we need to have greater transparency,” State Sen. Hoylman says about Gov. Hochul's plan to redevelop Penn Station. Read more:
— would be one of the biggest redevelopments in city history, but specifics around how it will be paid for have so far been scarce.
The Empire State Development Corporation doesn’t have an answer of how exactly it will fund the project yet, or how much it might affect taxpayers. In a statement, project spokesperson Kristin Devoe said ESDC was still finalizing the details with the city.
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