The redevelopment of Penn Station has an estimated price tag of at least $7 billion and Amtrak doesn’t have anywhere near full funding. But developers are looking at income generating ideas, including a reopened Gimbels tunnel with retail outlets.
13 Jun 2026 | 12:22
Amtrak is still several billion dollars short of identifying all the money it needs to transform Penn Station into the world class transit hub depicted in the architectural renderings it has rolled out.
“I’ll be looking for funding from myriad sources,” said Amtrak’s man-in-charge of the project, Andy...
