BALTIMORE — Amtrak will spend $90 million to upgrade Baltimore’s Penn Station, a move expected to ignite $400 to $600 million in development around the station area, the Baltimore Sun reports.Amtrak will make station and track improvements and lease an adjacent lot to a group, Penn Station Partners, to build a mixed-use project.
“Amtrak seeks to transform central Baltimore into a premier regional transportation hub that will provide new amenities and transit connections,” Amtrak CEO Richard Anderson said in an announcement of the project.
Amtrak’s work will include the addition of a new station platform, as well as renovation of an existing platform to return it to service.
The Beaux-Arts station was completed in 1911 at a cost of $1 million. More than 1 million passengers used the building in fiscal 2018.
