Tuesday, October 19, 2010
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Ground broken on new Moynihan Station

NEW YORK - Governor David Paterson, Senator Charles Schumer, Senator Kirsten Gillibrand, Congressman Jerrold Nadler, U.S. Transportation Secretary Ray LaHood, Mayor Michael R. Bloomberg and other officials broke ground Monday on phase I of the construction for Moynihan Station. The groundbreaking takes place on the 100th anniversary of the opening of Penn Station, the largest and most widely used train station in the United States. Prior to the groundbreaking, Governor Paterson and Secretary LaHood signed a final grant agreement providing $83 million in Recovery Act funds to New York through the U.S. Department of Transportation's "Transportation Initiatives Generating Economic Recovery" (TIGER) program. Senator Schumer led the effort to secure the funding to begin Phase I of the construction.

The future Moynihan Station will improve passenger safety and security for the more than 550,000 people that pass through Penn Station on a daily basis and will be a catalyst for growth. Completion of the long awaited station will create an economic engine to restart development across the entire West Side; growth that has stalled with the national economic downtown.

The first phase of the Moynihan Station project, "Moynihan Moving Forward," will include the expansion and enhancement of the 33rd Street Connector between Penn Station and the West End Concourse, which lies under the grand staircase of the Farley building. The project will also provide for the extension and widening of the West End Concourse to serve nine of Pennsylvania Station's 11 platforms, new vertical access points and passenger circulation space and entrances into the West End Concourse through the 31st and 33rd Street corners of the Farley building. The first phase of construction is expected to be complete by 2016. Planning is well underway for Phase 2, which will include the construction of the intercity train hall.

The Federal government has made substantial economic stimulus funding available for transportation projects, creating new opportunities to assist in meeting project financing needs while reducing the share of costs that must be met by State and local sources. The Public Authorities Control Board (PACB) approved the first phase of improvements in July, which will transform the Farley Federal Post Office Building in Manhattan into the new Moynihan Station, a grand rail gateway into New York City. The budget for Phase 1 is $267 million and is being jointly funded by the State and Federal governments.