New York has been in the news lately for all the proposed changes it needs to keep pace with the world’s other upscale metropolitans. That means affordability measures, better amenities, and happier residents. For the city, the price tag comes to $16 billion for Penn Station and Washington’s Dulles International Airport. But reportedly, Donald Trump won’t release the funds unless the facilities are renamed to include his name.
In 2025, New York’s tax rate sat at 10.9% — the third highest in the U.S. — which suggests the city deserves amenities that match the price. Penn Station faces major capacity issues. Since its last reconstruction, the city has grown considerably. The good news: tax revenue has increased. The downside: Penn Station was originally built for 200,000 daily passengers and now handles 600,000.
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