Federal takeover of Penn Station could be Trojan horse for new Midtown skyscrapers

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Federal Takeover of Penn Station Could Be Trojan Horse for New Midtown Skyscrapers.

The Trump administration's plan to rebuild Penn Station has taken a surprising turn, with federal officials now open to proposals that could extend the redevelopment beyond the existing station and into surrounding areas. The move appears to contradict recent assurances from U.S. Department of Transportation officials who said the project would be contained within the existing footprint.

The idea of financing parts of the Penn Station reconstruction with revenue from new skyscrapers is not new, but it's gained new momentum under the Trump administration. Vornado CEO Steven Roth recently touted the potential for the Penn District to become a "growth engine" for his company, with rising rents and future development projects. The company plans to work with a builder on a pitch for the Penn Station rebuild.

However, critics argue that this could be a Trojan horse for larger-scale development in Midtown, potentially undermining other major construction plans elsewhere in Manhattan. Steve Cohen, a former Port Authority vice chair, warned that the potential impact of new office space near Penn Station on the real estate market and infrastructure could be "a bit of a mess" if not managed carefully.

The feds are collecting proposals for the rebuild over the next year, with hopes to break ground in 2027. However, with Vornado's involvement and its plans to build new skyscrapers in the area, concerns about the project's scope and potential impact on the neighborhood linger.
 
I'm kinda worried about this whole Penn Station thing. I mean, it's not all bad that they're opening up the proposal process, but at the same time, it feels like they're being super vague about what exactly they have planned. I guess it's possible that some new skyscrapers could be a good thing, but if they start to encroach on other areas of Midtown, it could get pretty messy. Steve Cohen seems right on point with his warning about the impact on the real estate market and infrastructure. Can't say I'm entirely sold on this plan yet 😐
 
omg did u hear about penn station?? so they wanna rebuild it but now they're thinkin of addin new skyscrapers like wut is goin on?! i dont get why we cant just stick with the old one its probly cheaper lol... and what if it messes up the neighborhood? steve cohen said somethin about it bein a "mess" if not managed right 🤔 idk bout this new development idea tho, sounds like a bunch of corporate speak to me 📊
 
I think this is a super interesting development 🤔. I mean, Penn Station is already a major hub, so if they can get some new skyscrapers built around it, that could bring in some serious cash 💸. But at the same time, I'm worried about what might happen to the neighborhood. Midtown's already got enough office space, you know? If this project just becomes another way for big developers like Vornado to make a buck, it could get out of control 🚨.

I'm all for innovation and progress, but we gotta think about the bigger picture here 🌆. What if this project ends up pushing out some of the smaller businesses and artists that make Midtown so unique? I've lived around here long enough to see how gentrification can go down the wrong path 😔. We need to make sure that whatever happens, it's for the people who live and work here, not just some big corporations trying to make a profit 💰.
 
omg, this is getting complicated 😩👀 i mean, i get why they wanna mix financing for the station rebuild with new dev projects but like, isn't that just a recipe for disaster 🤯? one minute it's about fixing Penn Station, next thing you know there's skyscraper after skyscraper going up everywhere 🌆 and what about all the other plans in Midtown? doesn't that get lost in the shuffle 🗺️? i guess only time will tell if this is gonna work out or just a huge mess 🤔
 
This is a whole thing 😂. Like, I get it, rebuilding Penn Station is necessary, but do we really need more skyscrapers popping up everywhere? It feels like a classic case of 'out of sight, out of mind' - they're gonna build these new towers and suddenly everyone's all about the growth engine? Meanwhile, have you seen the state of our infrastructure lately? The streets in Midtown are already crazy! 🚧🏙️
 
🤔 I'm not sure I'm sold on this idea... it seems like we're just trading one set of problems for another. I mean, Penn Station is always going to be a crowded and chaotic place, but if we're gonna start building more skyscrapers around it, that's just gonna make things even crazier. And what about the people who don't work in finance or tech? How are they supposed to afford the rents on all these new buildings? 🤷‍♀️
 
I'm not sure I like this idea... 😐 It sounds like they're just trying to make a buck off our tax dollars and push more skyscrapers up in Midtown. Remember when they started building all those new buildings around Times Square? 🤯 It got so crowded and noisy! They're always saying it's gonna be better, but honestly, I think the existing station is fine. We don't need all that high-rise nonsense. And what about the little shops and restaurants that'll get pushed out by these giant skyscrapers? That's just sad... 🤕 I hope they actually listen to Steve Cohen and figure out how not to mess everything up.
 
OMG , this is gonna be sooo interesting ! 🤩 The idea of extending the Penn Station redevelopment into surrounding areas could bring a ton of growth to Midtown but idk if it's worth risking other major construction plans in the area . I mean, we need more affordable housing options and stuff not just skyscrapers 🌆🏙️. Plus, Steve Cohen is right on point , this could be a total mess if not managed properly . Fingers crossed that they can get it together tho ! 💪
 
I'm getting a major vibe from this news 🤔... like the feds are trying to sneak in some extra development under the guise of Penn Station renovations 😳. I mean, I get it, we need more affordable housing and infrastructure upgrades, but can't we just keep it within the station boundaries? 🚫 This new "growth engine" idea sounds like a classic case of "too much of a good thing", if you ask me. We don't want to see our beloved Midtown become another soulless skyscraper-filled wasteland 😕. What's next, are they gonna start building condos on the High Line? 🌳 It just feels like we're losing sight of what's truly important here - people over profits 💸.
 
I'm so down to watch as they screw up the whole Penn Station rebuild plan... 🤦‍♂️ They think throwing in some new skyscrapers is gonna be all sunshine and rainbows? Please, it's just another way for Vornado to line their pockets and gentrify Midtown even more. And what about the impact on the existing buildings and residents around there? It's not like they're gonna magically make room for everyone else to fit in... 🚫 The thought of it is just too much to handle. Can't wait to see how this whole thing blows up in their faces.
 
🤔 This is a total game-changer for Midtown - one minute it's just a rebuild of Penn Station, next thing you know they're gonna be building skyscrapers all over the place 🗼️. I mean, I get that Vornado's got some sweet plans and all, but can't we just focus on getting the station done right instead of using it as a way to make bank? 💸 It sounds like the feds are just giving in to the big developers' demands here... what about the little guys who actually use Penn Station? 🚂👎
 
🚨💼 I'm low-key concerned about this whole Penn Station thing 🤔. I mean, don't get me wrong, new development can be awesome, but we need to make sure it doesn't come at the expense of other projects in Midtown 📈. Vornado's got a vested interest here and I worry they'll try to squeeze every last penny out of this deal 💸. The potential for "growth engine" is all well and good, but what about the people who actually live and work around there? We need to make sure we're not sacrificing community vibes for the sake of profit 🌆. And with the feds collecting proposals over the next year, it's gonna be a wild ride 😅. One thing's for sure, we'll have to keep an eye on this one 👀!
 
ugh what's going on w/ penn station?? they're talkin bout takin over the whole area for more skyscrapers like that's not a recipe for disaster 🤯💸 i feel like these devs are thinkin bout their own pockets more than the community's well being...what if it affects the local businesses or causes more traffic? 🚗👎 we need to make sure our gov't is prioritizin the people over profit 💕
 
OMG I just got back from the most random trip to the NYC subway and I saw this guy playing a harmonica 🎸😂 anyway what's with all these new skyscrapers popping up everywhere? like can't they just leave some green space alone? 🌱💚 I'm all for progress, but sometimes you gotta wonder if we're losing that human touch in the city. And have you noticed how expensive it is to get a decent coffee now? 🍵😩
 
omg u guys this is crazy! they wanna rebuild Penn Station but it sounds like a sneaky way for them to build new skyscrapers 🤯. i mean, think about it, financing part of the rebuild with money from new buildings? that's like trying to get rich quick off our backs 🤑. and what if these new buildings turn out to be eyesores and ruin the whole vibe of midtown? 🌆 it's not just gonna be a "growth engine" for vornado, but could it actually hurt the community? we need to keep an eye on this one 👀
 
🚨💸 just heard that Vornado CEO Steven Roth is pushing for super tall skyscrapers around Penn Station... meanwhile, NYC residents are still dealing with overcrowded and noisy trains 🚂😩 and it seems like the city might be sacrificing more green space for more development 💪😒
 
I feel you, I know how unsettling it can be when things change suddenly 🤯. The thought of big changes happening around Penn Station is already overwhelming, but adding new skyscrapers to the mix? That's a lot to take in 😳. It's like, we're trying to rebuild and revitalize the area, but are we taking control or losing sight of what makes it special? 🤔 I'm worried that we might end up with a neighborhood that's just too crowded and overpriced 💸. What if this is exactly what happens and our beloved Penn Station becomes just another face in the Midtown landscape? 😕
 
im not sure if this is a good idea or not 🤔. i mean, on one hand, it could be cool to have some new skyscrapers around penn station, but then again, you gotta consider the potential impact on the area. im thinking about all the old buildings and streets that are already there... wont they get lost in the shuffle? and what about the noise and traffic? its already crazy busy at penn station 🚂🗽️. plus, isnt there a limit to how much construction can happen in one spot before it starts affecting other parts of the city?
 
I'm not sure I'm comfortable with this plan 🤔... seems like they're trying to cram too many things into one big development project. First it's just Penn Station, then suddenly you've got skyscrapers going up all over Midtown? It feels like a recipe for disaster to me 😬. What's next? Are we gonna see the whole neighborhood turn into one giant construction zone? I mean, I know Vornado is keen on this idea, but come on, can't they just stick to rebuilding Penn Station and leave the rest of us alone? 🤷‍♂️
 
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