Then Phase Two can begin, which is when the beautiful grand hall will be created and shops and restaurants could move in. Thanks to the stimulus funds, city and state funds, and private investors, the $267 million required for phase one is available, but funding for phase two — expected to cost around $1 billion — is nowhere to be found at the moment. But many believe that the momentum of phase one will undoubtedly lead to the completion of phase two.
The design of Moynihan Station doesn’t really have any green features, per se, but energy efficiency will be a top priority in the renovation, and any improvement to public transportation is good for the environment. Plus, a renovation is much greener than demolishing the existing Penn Station and creating an entirely new structure, which was proposed back in 2006.