Particle.news
Download on the App Store

Trump Weighs $7.5 Billion Penn Station Plan to Move Madison Square Garden

The review now turns on an opaque federal process with an expected developer pick in May.

Overview

  • Reports published Thursday said Trump reviewed the Grand Penn plan in a previously undisclosed September Oval Office meeting and is taking it seriously without endorsing it.
  • The $7.5 billion proposal would shift Madison Square Garden one block to Seventh Avenue and rebuild the transit hub with classical columns, a glass roof, and a new plaza in place of the current arena.
  • Amtrak and the U.S. Department of Transportation now control the overhaul, with three finalists under a gag order and a master developer due to be named in May, which has prompted local calls for transparency.
  • Any move depends on approval from arena owner James Dolan, who has repeatedly opposed relocating the Garden.
  • Penn Station serves about 600,000 riders each day, and construction could start in late 2027 if the federal team selects a developer this spring.