As GlobeSt.com reported earlier, Gov. George Pataki and MayorMichael Bloomberg in a press conference Thursday called for theapproval of the plan, lauding its expected benefits for thecity.

"The Moynihan Station project is one of the more importanttransportation projects in the country," Pataki says, according tothe press release issued after the event. "New York commuters arein desperate need of a redesigned and updated transit center…."

The venture, to be developed by the Related Cos. and VornadoRealty Trust, is meant to clear commuter congestion at PennStation. The new Daniel Patrick Moynihan Station will house spacefor New Jersey Transit and Long Island Railroad, while beingconnected to Penn Station. New Jersey Transit agreedto anchor the project in November 2005, as reported byGlobeSt.com.

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