As the Trump administration moves forward with its secretive Penn Station redevelopment plan, federal lawmakers last week approved a legislative amendment that may let it leverage local tax revenues to finance the purportedly $8 billion project.
The measure passed the bipartisan U.S. House’s Transportation and Infrastructure Committee last Friday as an amendment to the BUILD America 250 Act — a five-year surface transportation reauthorization bill funding roads, bridges, transit, and rail transportation accross the country. The bill still has a ways to go before becoming law, as it must pass the Senate and the House once more, before heading to President Trump’s desk for his signature.
