Funding Puzzle for Trump's Penn Station Makeover

The Trump administration is pursuing a $7-8 billion Penn Station overhaul, aiming to fund the majority with federal money via Amtrak, federal grants, and Build America Bureau loans, while seeking contributions from New York and New Jersey; Gov. Hochul has pulled state funding, a pre-development agreement will launch the federal environmental review, and the plan—led by Vishaan Chakrabarti—includes a single-level concourse, a new Eighth Avenue entrance, a reopened Gimbels passage, a new internal truck dock, and a presidential seal bearing Trump’s name; officials say work could start by 2027 as they push to minimize the local funding gap.