The plan to convert the Farley Post Office into the Amtrak-housing Moynihan Station to ease Penn Station's burden?seemingly derailed by the recession and political squabbles?is still on life support, but facing new hurdles. The Observer's Eliot Brown reports the Port Authority's new cost estimate for the project is $1.4 billion, twice the estimate given in 2006 and nearly $1 billion more than the amount committed by the government. Can the Port Authority make up the difference? Not with the World Trade Center dragging on and eating up its surplus. [NYO; previously]
Filed under:
Loading comments...