Penn problem 1: The finances of a rezoning plan don't add up – New York Daily News
Despite having long been opposed to Amtrak tearing up a too-big chunk of Midtown for an unneeded $12 billion Penn Station annex because the railroad selfishly wants to banish NJTransit trains and separate the railroads instead of unifying their operations, we were willing to consider Gov. Cuomo’s Jan. 6, 2020, financing scheme for a necessary Penn rehab via new office tower construction. We wondered, “as a real estate deal, could it work?”