Cuomo threatens to delay budget over bonding for controversial Manhattan redevelopment plan

[Yo_Mama_Been_Loggin]

2. Cuomo to get limited version of $1.3 billion in borrowing for Penn project in budget

ALBANY — Gov. Cuomo is getting a scaled-back version of the $1.3 billion in bonding authority he requested for a controversial plan to redevelop Penn Station and surrounding Midtown Manhattan blocks.

Lawmakers introduced a capital budget bill early Tuesday that partially grants the governor’s wish for billions in borrowing power, but the final language limits the use to “transportation improvement projects” and can’t be used for “above-grade development.”

That means billions in state funds can’t go toward building 10 massive towers, including one super-tall structure dubbed “PENN 15.”

Critics have castigated Cuomo’s redevelopment plan, known as the Empire Station Complex project, arguing it sidesteps the usual city land-use process.

https://www.msn.com/en-us/news/politics/cuomo-to-get-limited-version-of-1-3-billion-in-borrowing-for-penn-project-in-budget/ar-BB1fmNlm