Peter Cipriano
Coverage of Peter Cipriano in the Nexus archive.
- New York Penn Station Rehab Eyes Billions in Federal Funding
New York Penn Station's rehabilitation project, led by the Halmar-Skanska consortium, is expected to receive federal funding details in about six months. The consortium's CEO, Peter Cipriano, mentioned this during an appearance on Bloomberg's 'Bloomberg Real Yield' with Michelle Kaske and Scarlet Fu.
- Editorial | NYC shouldn’t pay for Trump’s Penn Station overhaul
The Trump administration and U.S. Department of Transportation took control of Penn Station's redevelopment, claiming the state-led effort was insufficient. The project, estimated at $7-8 billion, faces uncertainty over funding, with concerns that transit agencies may be forced to cover costs through higher fares. The editorial argues New York should not bear financial burdens for the overhaul.
- Penn Station overhaul: Developers, Trump admin officially release renderings, but leave it unclear who’ll pay for mega-project
Developers and Trump administration officials released renderings for a $7-8 billion Penn Station overhaul, featuring expanded space and a new entrance on Eighth Avenue. The project, led by Penn Transformation Partners, involves demolishing the Infosys Theater but does not relocate Madison Square Garden. Funding sources remain unspecified.