The current Infosys Theater at Madison Square Garden (above) will be torn down under a new overhaul plan for Penn Station.
The current Infosys Theater at Madison Square Garden (above) will be torn down under a new overhaul plan for Penn Station. ( Photo: Keith J. Kelly )

The American subsidiary of Italian firm ASTM was unveiled as the winner to develop a new Penn Station, with plans to build a grand entrance on the Eighth Ave. side of the nation’s busiest rail hub. Halmar’s bid beat out two other competitors.

Halmar Tapped by Amtrak for $8 Billion Penn Station Redo; MSG Won’t Have to Move
21 May 2026 | 10:42
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The Trump administration announced that it will rebuild Penn Station with Madison Square Garden remaining on top, but reclad in a “classic look” and with a new train hall on Eighth Avenue where the Madison Square Garden theater is now.

A consortium led by Halmar International was selected to be the Master...

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