The federal government is taking control of Penn Station's redesign, allowing New York Governor Kathy Hochul to reallocate $800 million previously designated for the project. Local leaders, including Simone, are advocating for these funds to be redirected towards developing affordable housing and green spaces around the station. A revised project proposal aims to create 4,900 residential units, including a park where Hotel Penn once stood. However, challenges remain, including budget constraints and potential federal funding cuts that could impact the success of related housing initiatives.
Governor Kathy Hochul's announcement frees up $800 million initially set aside for the redesign of Penn Station, which will now potentially fund housing and green space initiatives.
The state plans to explore using freed-up funds for affordable housing and green space development around Penn Station, spurring a push for a revised project plan.
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