The Daily News and New York Post continue to raise concerns about Governor Hochul’s plan to tear down vibrant blocks around Penn Station for massive new development. We have always opposed this as misguided “urban renewal revisited.” Now there are lawsuits challenging the plan, and statements from Vornado Realty raising doubts about the current climate for new development.
The News notes that Vornado Chief Steve Roth told investors this week that “The headwinds and the current environment are not at all conducive to ground-up development.” The News challenges the Governor to back up her statements that “other sources of funding” for Penn exist. It also challenges her to re-think her plan and “do it right.”
Steve Cuozzo’s Post column gives details about the lawsuits which challenge the State’s claim that the blocks around the Station are “blighted” and the failure to provide information on what monies the developer would provide the State.
We’ll continue our battle against tearing down blocks containing historic buildings, homes, and businesses for an even larger version of Hudson Yards. And we’ll continue to keep you informed of questions and concerns in the media and from other groups.