New York State’s Public Authorities Control Board has approved a first-phase portion, worth about $267 million, to advance construction of the long-planned Moynihan Station in Manhattan. The station, currently the James A. Farley Post Office across from Amtrak’s Pennsylvania Station on Eighth Avenue, would house Amtrak and connect to existing station facilities.
Aided by an $83 million TIGER grant secured last spring, full funding for the first phase is in place. An additional $110 million in other federal funding, $35 million from New York’s Metropolitan Transportation Authority, $14 million from New York State, and $10 million from the Port Authority of New York & New Jersey is also in place. Construction is expected to begin in October.
Phase 2, estimated to cost well more than $1 billion, would involve construction of a train hall in the Farley Building. The U.S. Postal Service has moved much of its heavy operations from the site in recent years, but has pledged to retain its retail sales services on site.
Designed by the famed architectural firm McKim, Mead & White, the Farley Building was built in 1912, closely following the opening of the original Pennsylvania Station in 1910, also designed by McKim, Mead & White. The original Penn Station was demolished in 1964, eventually prompting landmark preservation legislation within New York City that, among other things, helped preserve Grand Central Terminal.