AMNY | Railway robbery? Hochul’s Penn Station project may provide $1.2B in tax breaks, but come up short on funds, report finds

Jul 13

Written By SCEPA

Governor Kathy Hochul’s Penn Station renovation proposal could give developers up to $1.2 billion in tax breaks, but may rake in only half the funds needed to pay for the transit hub’s upgrades, according to an analysis.

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SCEPA

AMNY | Railway robbery? Hochul’s Penn Station project may provide $1.2B in tax breaks, but come up short on funds, report finds

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SCEPA is part of the Economics Department at The New School for Social Research