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NEW YORK CITY-A ceremonial groundbreaking Monday afternoon, albeit at a pre-existing building, marked the start of the transformation of the James A. Farley Post Office into Moynihan Station, an annex to Penn Station across the street. The ceremony followed the formal signing of an agreement providing an $83-million federal TIGER (Transportation Initiatives Generating Economic Recovery) grant to New York State.

The Port Authority of New York and New Jersey is kicking in the rest of the $276-million cost of the first phase. The project’s final cost could reach $1.5 billion.

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