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Penn Station's $7 Billion Upgrade Begins in 2027

3/23/2026

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Story summary
  • The Penn Station makeover, led by Andy Byford, will begin in 2027 as a $7 billion upgrade.
  • It aims to create a brighter, navigable station with high ceilings and retail.
  • Byford says riders will not bear costs, despite private real-estate deals.
  • Reinvent Albany warns partnerships with developers such as Vornado could reduce city tax revenue.
  • Redesign plans will be revealed in June after selecting a master developer in May.