Feds Pick Developer To Lead Penn Station Renovation, MSG Won't Move

NEW YORK CITY — The U.S. Department of Transportation has chosen a developer to lead the rebuild of Penn Station.

A group called Penn Transformation Partners was chosen to lead the renovation project.

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The group includes real estate company Vornado and construction companies Halmar and Skanska.

Penn Transformation Partners' plan for Penn Station features a grand entrance on Eighth Avenue, new cladding and open concourses in the station.

Additional details on the proposed plan have not been disclosed.

The USDOT on Wednesday invested an additional $200 million toward the project

"In selecting Penn Transformation Partners (Halmar) and their innovative plan, we are one step closer to delivering a world-class travel hub that daily commuters and travelers have dreamed of for decades,” Transportation Secretary Sean Duffy said in a statement.

"Under President Trump’s historic leadership, the days of Penn Station’s cramped hallways, broken infrastructure, and snarled rail lines are numbered.”

The announcement comes a day after Duffy revealed the Trump administration plans to spend $8 billion on the project.

Duffy's comments were the first time the administration had indicated spending figures for the Penn Station project.

The federal government took control of the project from the MTA last year with Amtrak now in charge.

Amtrak, backed by USDOT, will handle the remainder of the renovation project. Federal officials have said that the move will save taxpayers $120 million.

The long-awaited renovation plans for Penn Station are expected to start by 2027.

Total costs for the project are not known at this time.

The transportation department has issued a grant of $43 million to Amtrak toward preliminary engineering work on the project.