Privatized Redevelopment of Penn Station
Sector: Rail • Location: New York, United States
Source: Streetsblog NYC
Amtrak plans to have a private developer fund, build, operate, maintain, and finance a new Penn Station through a Design-Build-Operate-Maintain (DBOM) public-private partnership. The developer will borrow billions to build the station and recoup investment by charging fees to transit agencies, commuters, and retail tenants over a 30- to 50-year operational period. The plan includes potential user
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Amtrak plans to have a private developer fund, build, operate, maintain, and finance a new Penn Station through a Design-Build-Operate-Maintain (DBOM) public-private partnership. The developer will borrow billions to build the station and recoup investment by charging fees to transit agencies, commuters, and retail tenants over a 30- to 50-year operational period. The plan includes potential user fees or surcharges on train tickets, with the developer avoiding financial risks of cost overruns. The project is subject to final approval by President Trump and involves seeking federal transit loans and private market loans potentially amounting to at least $5 billion. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |
