The New York Times – State officials selected two developers nearly four years ago for a grand project to transform the James A. Farley Post Office into a transit hub that would serve as an annex to Pennsylvania Station, the country’s busiest train station. Despite widespread support, the project has languished because of a lack of financing, political inertia, squabbles with transportation agencies and the developers’ ambitions.

Now, Senator Charles E. Schumer is calling for the injection of $100 million in federal stimulus funds to convert the post office building, expand the city’s transportation infrastructure and employ thousands of workers. Mr. Schumer also renewed his call for the Port Authority of New York and New Jersey to take charge of the project and asked them to invest $1 billion. [read more…]