August 5, 2008 / 9:03 PM / 11 years ago

NY Gov. asks Moynihan Station developer for new plan

NEW YORK, Aug 5 (Reuters) - New York City’s Moynihan Station developers have been asked to submit a new plan focused on transportation improvements within the next week or two, Gov. David Paterson said on Tuesday.

Plans to improve midtown Manhattan’s Pennsylvania Station by giving it a new entrance post office located one block west have stalled for nearly a decade due to feuds over funding and whether Madison Square Garden, which sits on top of the train station, should also be moved.

Cablevision Systems Corp CVC.N owns the sports and concert arena, and it has rejected relocating, opting for a renovation instead.

In a radio interview with WCBS news radio, the Democratic governor said: “We have asked the developer of the Pennsylvania Moynihan Station to come back to us with another plan that features ... transportation.”

Noting he has made it clear that any state financial support is limited due to its “dwindling” tax revenues, Paterson added: “We’re expecting an answer from them within a week or two.”

Vornado Realty Trust (VNO.N) and Related Cos. plan to develop Moynihan Station as a joint venture.

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