There must be order.
Just to clarify, Moynihan Station refers to the redevelopment of the Farley Post office into a new hub for New Jersey Transit. It was originally planned as a new hub for Amtrak, but Amtrak decided not to "move" because they would have to pay rent at Moynihan (Farley). Now, they may or may not be part of the new plan, it remains to be seen. There was also a much larger renovation of Penn Station itself, oftern refered to as "Moynihan East". That one fell apart because the cost was too high and Cablevision decided against moving Madison Sqare Garden (to the western end of Farley).
Moynihan meanhile, has had years
of delays, but now things appear to be back on track. It will be developed in phases, with the first phase beginning before the end of the year.
Moynihan Station Approved by Key State Board
By Eliot Brown
July 21, 2010
Plans for an expanded Penn Station received a boost today as the Public Authorities Control Board—a state-run board that previously blocked a different version of the project—approved a first phase for the plan, known as Moynihan Station.
With each additional approval (of which there are many), it's actually looking like the project, which would eventually move Amtrak into the Corinthian column-lined Farley Post Office across Eighth Avenue, will see the start of construction.
Back in 2006, the PACB, which is controlled jointly by the governor and the leaders of the state Senate and Assembly, blocked Governor Pataki's plans for the project, as Assembly Speaker Sheldon Silver stood in the way of the plan. Complete with the project's narrative of ever-overreaching visions, the incoming Governor Spitzer then championed a larger version that involved moving Madison Square Garden to the post office, which more than a year later fell apart, due largely to the tremendous level of complication involved. (In retrospect, this plan approved today isn't all that different from what the PACB was being asked to approve three-and-a-half years ago. Of course, that was before tens of millions of additional spending on consultants, borrowing costs, etc.)
...In the past year, state officials reworked the plan to be able to construct the project in chunks, as opposed to the prior strategy of waiting until all the various moving pieces fell into place. Should construction actually begin, it will be in large part due to this new strategy.
...Still on the table, in theory: the sale of at least 1 million square feet of air rights over the Farley Building to a venture of developers Vornado and Related, which would build a tower across the street next to 1 Penn Plaza. (That, too, would need further approvals.)
The ARC project (Access to the Regions Core) is another planned expansion by New Jersey Transit that will double the capcity for service into Manhattan. Originally planned with connections into Penn, those connections were scrapped because it will be further underground than Penn Station is.