Penn Station Riders Destined for Darkness Even With New Hub

Instead, it’s an example of the sort of compromise that results from public-private partnerships, where community interests compete with profit motives.

“At the end of the day, there have to be revenue streams,” said Tom Wright, president of New York’s Regional Plan Association and a member of a state panel examining the future of Penn Station. “By transferring some of the risk to the private sector, these projects really have a much better track record of getting done on time and budget.”

Read the full article in Bloomberg News.