Cuomo insistence on development funds for single project among key budget roadblocks: Report

Published April 5, 2021 6:00pm ET



One of the projects stymieing New York state’s $200 billion budget, which was due Thursday, is a $1.3 billion bond request by Gov. Andrew Cuomo to transform a part of midtown Manhattan, the New York Daily News reported this week.

As part of Cuomo’s post-COVID-19 rebuilding plan, he called for spending $51 billion to redevelop an area near Penn Station that would, among other things, replace the Port Authority Bus Terminal. The Daily News reported Wednesday that Cuomo wanted the bonding “to help build 10 massive” towers in city block south of Penn Station.

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