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August 17, 2021

Now that Andy is Gone, What Happens to his Projects

The Real Deal featured an article that Governor Andrew Cuomo’s resignation leaves an air of uncertainty hanging over several large scale projects significant to the real estate industry. Earlier in the year, the Governor outlined a $306 billion dollar infrastructure spending plan that involved an array of projects across New York. The article focused on three key projects. Empire State Complex The plan called for a $1.3 billion dollar redevelopment and expansion of Pennsylvania Station as well as development of some 20 million square feet of mostly office space around… read more

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Posted in AirTrain, Andrew Cuomo, Empire Station Complex, Infrastructure Plan, Port Authority Bus Terminal
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May 17, 2017

WE NEED THE GATEWAY TUNNEL AND PENN STATION REDEVELOPMENT NOW

The Trump administration’s infrastructure plan will be out in a few weeks and will call for $200 billion in taxpayer money to generate $1 trillion in private investment in over ten years. President Trump’s pledge to spend $1 trillion on infrastructure was a top campaign promise, but has received little attention amidst the daily disasters of his administration.  Indeed, it may be the rare area that appears ripe for bipartisan support.  Not that there isn’t some concern that the plan to have private investment will come at the cost of… read more

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Posted in Gateway Tunnel, Infrastructure Plan, Penn Station, Public Purpose
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