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NEW YORKERS still lament the destruction of the original Pennsylvania Station in the 1960s. The victim of myopic urban planning, it was replaced by a nondescript office tower and a new Madison Square Garden. New Jerseyans are fortunate that the Hoboken Rail Terminal escaped that fate.
The glorious Beaux-Arts building on Hoboken's waterfront fell into disrepair at the same time that New York's Penn Station was razed. There are vast spaces inside the terminal still in need of repair. Ferry commuters disembark onto a barge. But significant parts of the station's glorious past have been restored, including the main waiting room, topped with a Tiffany glass ceiling, and the terminal's 203-foot clock tower.
There is much work left to be done, and that costs money an estimated $250 million. NJ Transit has committed...