[KVNBKLYN]

Some scope has been pulled out of Phase I, although if you read the whole article, it doesn't seem so dire.

New Setback For Moynihan Station Plans
Project's First Phase Being Scaled Back

By TED MANN

State and federal officials wary about mounting costs plan to scale back the first segment of work for the future Moynihan Station, the latest setback for an ambitious project almost two decades in the making.

...

The board of directors of the Moynihan Station Development Corp. voted to reject the bids last week.

The lowest bid came under the projected cost but didn't include a big enough cushion for possible cost-overruns, a person familiar with the project said.

...

While Mr. Foye expressed confidence that the first wave of station improvements would go forward, the latest hiccup underscores the challenges that still lie ahead for Moynihan.

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In the interview, Mr. Foye said officials agreed to rebid the contract, focusing on the expansion of the existing West End Concourse, nestled beneath the main steps of the Farley building. Other elements of the first phase, including improvements to the 33rd Street corridor under Eighth Avenue, two new entrances to the station across Eighth Avenue and a new passenger waiting area, will follow once costs can be lowered, Mr. Foye said.

The initial work will provide immediate benefits to commuters at Penn Station, he said. The proposed concourse improvements would roughly double the width and length of the existing concourse. And the project will extend the concourse south, to serve nine of the underlying tracks, up from the current five.

WSJ Article