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(rshsdepot) Penn Station - New York, NY

From the Daily News (New York, NY)

New game plan on Penn Station

The Real Thing

The plan to rebuild Penn Station is getting a new quarterback.

Officials at the Empire State Development Corporation - the state agency
overseeing the new Penn Station - said they will be holding a new
application process.

The goal will be to choose a developer of the expanded $788 million project,
according to sources familiar with the effort.

"We're reviewing it right now, both from a legal point of view and from a
project point of view," Empire State chairman Charles Gargano told the Daily
News.

Other sources said the Staubach Company, previously selected as developer,
will be sacked. The move would be a reversal for the Texas-based real estate
company, founded by football legend Roger Staubach. Two years ago, Staubach
and a German partner beat two other teams.

Using a design by architect David Childs of Skidmore, Owings & Merrill, the
team was to convert the Farley post office on Eighth Avenue into the new
Penn Station.

But the project changed in October when the state reached a deal to buy
Farley from the Postal Service for $230 million. The deal expanded the
commercial part of the project from 100,000 to 700,000 square feet, now
expected to be a mix of retail and office space.

Officials decided the changes meant a new bidding process would be needed,
since developers passed over last time - including LCOR and Jones Lang
Lasalle - could sue.

"We don't know anything about a decision that may or may not have been made
by the state in regards to re-bidding the project," said Staubach's Peter
Larkin.




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The Railroad Station Historical Society maintains a database of existing
railroad structures at: http://www.rrshs.org

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End of RSHSDepot Digest V1 #536
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The Railroad Station Historical Society maintains a database of existing
railroad structures at: http://www.rrshs.org