is a “secretive maneuver” to redirect an estimated $5 billion away from the city and into state coffers.
The leaders of Common Cause, Reinvent Albany, BetaNYC, League of Women Voters, Tri-State Transportation Campaign and NYPIRG slammed the decision as setting “a terrible precedent” in a letter to Hochul and leaders in Albany. “The Penn Station Area project is not a transit project,” the letter said. “It’s a secretive state maneuver to unilaterally take future NYC property tax dollars to pay for the state’s refurbishment of Penn Station and possibly provide extremely large subsidies to the politically connected Vornado Realty Trust.”
Activists claim Hochul is moving ahead with the plan in order to use NYC property tax dollars to pay for the state’s refurbishment of Penn Station“ULURP is imperfect, but is massively superior to the Empire State Development Corporation making unilateral decisions about the future of a crucial part of New York City and potentially billions in NYC tax revenue.”
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