For decades, Penn Station has been the gateway to New York City for millions of tourists, business travelers and New Yorkers. Now, the city has a once-in-a-generation opportunity to revamp the station to finally live up to its outsize role as the transport heart of one of the busiest cities in the world. An undertaking of this size and scale takes a plan equally ambitious, one rooted in sound planning principles and financing that fairly allocates risks and rewards.
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