[mrsmartman]

Cuomo floats use of eminent domain for Penn Station overhaul

Governor vows to deliver on plan to 'restructure and rebuild' train hub

Originally Posted by Crain's New York Business

Gov. Andrew Cuomo promised in his annual State of the State address Wednesday to cooperate with the local real estate interests in the redevelopment of Penn Station—but also raised the possibility of expropriating their property.

The governor used part of the speech in the state capitol to reaffirm his intention to "restructure and rebuild" the 50-year-old Manhattan terminal, framing it at once as a matter of cosmetics and counterterrorism. He noted that the conversion of the Farley Post Office, which sits on the opposite side of Eighth Avenue, into the Moynihan Train Hall is already underway—creating a valve to ease pressure on Penn during the refurbishment.

At one point in his speech Cuomo appeared to raise the ultimate cudgel to threaten any private interest that might hold up the process...

Commuters packed into Penn Station Photo: Buck Ennis

Read more at: http://www.crainsnewyork.com/article...ation-overhaul