Overview
- The U.S. Department of Transportation has formally transferred leadership of the Penn Station reconstruction to Amtrak, sidelining the MTA due to concerns over inefficiency and mismanagement.
- Federal officials project $120 million in taxpayer savings by rescoping the grant and consolidating planning and execution under Amtrak's oversight.
- The project will adopt a public-private partnership model to reduce financial risks to taxpayers while leveraging private sector investment and innovation.
- Governor Kathy Hochul publicly supported the federal takeover, citing $1.3 billion in savings for New York taxpayers and thanking President Trump for federal funding.
- Penn Station, the busiest transit hub in the U.S. with over 600,000 daily commuters, will undergo significant renovations and potential expansion under this new federal directive.