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Bear market for Penn plan: Big troubles for Gov. Hochul and Vornado's Midtown redevelopment – New York Daily News

Steve Roth, CEO of Vornado Realty Trust, was telling the truth on his companyโ€™s earnings call Tuesday when he said that Gov. Hochulโ€™s plan for a forest of new supertall towers around Penn Station, which she inherited from Gov. Cuomo, isnโ€™t happening anytime soon: โ€œThe headwinds and the current environment are not at all conducive to ground-up development.โ€
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