New York City?s fast-tracked Penn Station transformation project is moving forward, as Governor Andrew Cuomo has announced the closing of the $1.6 billion deal to redevelop a large section of the James A. Farley Post Office into the new ?Moynihan Train Hall.?

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New York City?s fast-tracked Penn Station transformation project is moving forward, as Governor Andrew Cuomo has announced the closing of the $1.6 billion deal to redevelop a large section of the James A. Farley Post Office into the new ?Moynihan Train Hall.?The project will consist of a new 255,000-square-foot terminal for the Long Island Railroad and Amtrak, increasing Penn Station?s total concourse floor space by more than 50 percent, while an additional 700,000 square feet will be developed for commercial, retail and dining spaces to create a new mixed-use civic space for West Manhattan. 
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"Fifty years after the loss of the original Penn Station structure, passengers will once again experience a world-class rail hub worthy of New York," Governor Cuomo said. "The Farley Building?s Moynihan Train Hall is two decades in the making, and we are proud that this project is finally a reality. With better access to trains and subways and state-of-the-art infrastructure, the Moynihan Train Hall seamlessly joins history, architectural design and function, bringing the nation?s busiest rail station into the 21st century."

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