The Post Office will continue to occupy 250,000 sf in the Eighth Avenue landmark, whose façade will remain. The architect for the project is James Carpenter Design Associates in collaboration with Hellmuth, Obata + Kassabaum. The project also is expected to generate more than $50 million in annual tax revenue.
The project is being funded by the state, city, and federal governments, the US Post Office, Vornado and Related. Other finalists for the project were Boston Properties, Jones Lang LaSalle working with Tishman Speyer Properties, LCOR and the Staubach Co.
In March 2003, state and city officials said the new station would be named in honor of the late US Senator Daniel Patrick Moynihan. The senator had long considered the revitalization of the transportation mecca to be a pet project. State officials also signed also agreed on the five-year $38.5-billion state-wide transportation plan to improve highways, bridges and mass transit systems. The plan includes a $2.9 billion Transportation Bond Act subject to voter approval this November, the Long Island Rail Road link to JFK and the Second Avenue subway project.
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