Moynihan Station is New York's great new Penn Station. It consists of two parts: a brand-new, state-of-the-art facility on the existing Penn Station/Madison Square Garden site and a renovated Farley Post Office building that will house more train station facilities and a new Madison Square Garden arena. The new Moynihan Station will be the region's pre-eminent transportation center and a catalyst for the nation's largest transportation-oriented development district, providing New York with enormous new capacity for efficient transportation and compact, energy-efficient, high-density development.

Until 1961, the original Pennsylvania Station stood across Eighth Avenue from the Farley Post Office. Both Beaux-Arts buildings were built by the famed architectural firm of McKim, Mean & White.

From 1961 to 1964, in an act of sanctioned urban vandalism, Pennsylvania Station was demolished. It was replaced by the series of underground concourses we know today. Above the station, Madison Square Garden and 2 Penn Plaza were built. Penn Station is hardly visible from the street.
Today, we have a great opportunity to transform the neighborhood by building the Moynihan Station complex, a great train station with two parts. First, the Farley Post Office building will be preserved and redesigned into a train hall and a new arena for Madison Square Garden -- Moynihan West.
Moving the Garden will allow today's Madison Square Garden to be demolished. A brand new, state-of-the-art train station building -- Moynihan East -- will be built on that site.

Read more about:
The current plans for Moynihan Station and the surrounding district
Project cost & funding estimates
A narrative history of Penn Station and Moynihan Station
The Empire State Development Corporation's factsheet for the project