Overview
- The U.S. Department of Transportation has removed the MTA from overseeing Penn Station's $7 billion reconstruction, placing Amtrak in charge under federal leadership.
- Federal officials cited the MTA’s history of inefficiency and waste as justification for the decision, which is expected to save taxpayers approximately $120 million.
- The project will utilize a public-private partnership model, combining renovation and potential expansion under a single federal grant to streamline efforts and minimize taxpayer risk.
- New York Governor Kathy Hochul supported the federal takeover, stating it will save New York taxpayers $1.3 billion and deliver long-overdue improvements to the nation’s busiest rail hub.
- The revamped oversight structure aims to create a safer, more reliable Penn Station that reflects national priorities while integrating local stakeholders like the MTA and NJ Transit.