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City Council Speaker Supports Phased Approach to Moynihan Station & Will Consider 421-a Changes

  421-A TAX INCENTIVE PROGRAM     MOYNIHAN STATION  
  MANHATTAN COMMUNITY DISTRICT 04  
June 23, 2009
Crain's New York Business

City Council Speaker Christine Quinn (D-New York) thinks that plans for revitalizing Penn Station into a premier gateway to the City of New York will have to proceed in a reduced and piecemeal fashion, though she still supports the idea of transforming the Farley Post Office into the new Moynihan Station. Quinn also commented that she will consider some alterations to the 421-a tax incentive program that are being proposed by the Real Estate Board of New York.