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Daily News Praises Paterson’s “Penn Push”

paterson speech podium from left

In an editorial today, the Daily News says “there are hopeful signs Gov. Paterson is starting to focus on projects that would remake a huge swath of midtown.”

What’s more important right now is that Paterson is trying to revive a development that would be a major boon to New York – provided the project is designed so as to maximize public benefits and minimize public costs.

Thanks to a rezoning that permitted construction of 5.5 million square feet of office space, the developers and Cablevision stood to reap handsome rewards as long as they invested in a new train station.

But no one ever settled how much the builders would pay, how much the public would kick in or even what kind of station they planned to offer. Still, it was clear that their most magnificent design was – and is – unaffordable at almost $3 billion.

So, first things first for Paterson, Bloomberg and all involved. As they seek to entice Cablevision back to the table, they must determine whether it is possible to design a station that provides major transportation improvements at minor public expense.

Aides say that’s Paterson’s goal. Excellent. Holding to it will mean refusing to simply tap into $2 billion that the Port Authority has set aside for transportation projects in New York. The public needs the biggest bang for the buck. Let’s see what it is.

Yesterday, Paterson said he still has not mind up his mind about who should be in charge at Moynihan Station and reiterated his call for a summit of the key players. Newsday reports:

Paterson agreed with the rationale behind Port Authority control of the halted project – a position Mayor Michael Bloomberg bitterly opposes. But, he said, he hasn’t decided if that agency is the best choice to lead the Penn Station redevelopment project. The Empire State Development Corp. is currently the overseer.

Paterson said he is open to a funding solution that would lead to actually moving dirt at Moynihan as well as at other financially troubled developments, including the Hudson Yard site.

We’ve gotta take all those projects, bring the stake holders in, have a conversation about what is working and what isn’t working and show leadership,” Paterson said after a news conference at his executive chambers in Manhattan.

Read “Paterson’s Penn Push,” from The Daily News

Read “Considering Who Will Run Moynihan Station Project,” by Michael Frazier for Newsday