An aerial view shows Madison Square Garden sitting above Penn Station, where Amtrak has shortlisted three teams to rebuild and modernize the station beneath an active arena and live rail operations ...

Amtrak, which the Trump administration put in charge of overhauling Manhattan’s Penn Station, will ask New Jersey and New York to help finance the renovation of North America’s busiest train depot.

Five months after Penn Station czar Andy Byford promised New Yorkers a “top-to-bottom transformation of every aspect of Penn Station,” most of the options to overhaul the nation’s busiest rail hub ...