New York Governor Andrew Cuomo has announced the closing of the $1.6 billion deal to redevelop a large section of the James A. Farley Post Office into the new “Moynihan Train Hall.”
The project will consist of a new 255,000-square-foot terminal for the Long Island Railroad and Amtrak, increasing Penn's concourse floor space by more than 50 percent, while an additional 700,000 square feet will be developed for commercial, retail and dining spaces to create a new mixed-use civic space for West Manhattan.
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