The Empire State Development Corporation, the state agency leading the Moynihan Station project, has made public the results of the initial negotiations between the state, the city and the developers. ESDC recently revised the estimated cost of Moynihan East to between $2.2 and $2.3 billion (excluding the cost of building the retail parts of the station). Moynihan West in the Farley Building will cost $900 million (excluding the cost of building the Garden). This comes to a grand total of $3.2 billion.

Here's who's offered what so far:
- Vornado and Related, the developers, are offering a combined $550 million;
- New York State has offered $300 million;
- It is expected that New York City will match the state's $300 million.

This only adds up to $1.15 billion, leaving $1 billion still unfunded. The federal government will hopefully chip in around $800 million. The remaining $200 million will have to be funded with additional contributions from the developers, the city, the state and possibly New Jersey, since the train station will greatly benefit New Jersey commuters.

Governor Spitzer promises that he is still committed to Moynihan Station, that he will not scale back the plans for lack of funding like he recently did at the Javits Convention Center.