After years of delays and dashed hopes of development, the plan to extend Penn Station into the Farley Post Office across the street might finally—possibly—be on track. According to The Wall Street Journal, “Empire State Development Corp., the state economic-development agency, is looking for a broker to sell 1.5 million square feet of unused real-estate-development rights attached to the property.”
The hundreds of millions that this could generate would go towards transforming the Post Office into Moynihan Station. The new space would include a grand waiting area for Amtrak inside the building’s main hall. While no concrete plan or timeline is in place, the state’s request could provide significant funds to kick-start construction. Key word: Could.