What was promised

Lead a $7B Penn Station redevelopment with a $1B state pledge

What’s happened

The state-led plan was abandoned after a federal/Amtrak takeover of the project in April 2025.

Evidence

• Trump administration takes over Penn Station overhaul; Hochul calls it a savings "win"
  ABC7 NYApr 15, 2025

• Park Avenue Viaduct structural replacement finished 60 months early and $195M under budget, Hochul announces
  Governor's OfficeJul 27, 2026
• Hochul and Mamdani roll out $882M "Next Stop" bus plan; free buses not included
  amNewYorkJul 8, 2026
• Federal judge rules Trump administration cannot kill NYC congestion pricing
  Streetsblog NYCMar 3, 2026
• Trump administration takes over Penn Station overhaul; Hochul calls it a savings "win"
  ABC7 NYApr 15, 2025