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Sunday, July 10, 2011

Grandeur of Grand Central Terminal

Grand Central Terminal is a monument to the times when railroads were the lynchpin of this nation.

It was only saved from the wrecker's ball by a great effort led by Jackie Kennedy Onassis.

As Wikipedia says:
In 1947, over 65 million people, the equivalent of 40% of the population of the United States, traveled through Grand Central. However, railroads soon fell into a major decline with competition from government subsidized highways and intercity airline traffic.
In 1954, William Zeckendorf proposed replacing Grand Central with an 80-story, 4,800,000-square-foot (446,000 m2) tower, 500 feet (150 m) taller than the Empire State Building. I. M. Pei created a pinched-cylinder design that took the form of a glass cylinder with a wasp waist. The plan was abandoned. In 1955, Erwin S. Wolfson made his first proposal for a tower north of the Terminal replacing the Terminal's six-story office building. A revised Wolfson plan was approved in 1958 and the Pan Am Building (now the MetLife Building) was completed in 1963.
Although the Pan Am Building bought time for the terminal, the New York Central Railroad continued its precipitous decline. In 1968, facing bankruptcy, it merged with the Pennsylvania Railroad to form the Penn Central Railroad. The Pennsylvania Railroad was in its own precipitous decline and in 1964 had demolished the ornate Pennsylvania Station (despite pleas to preserve it) to make way for an office building and the new Madison Square Garden.
In 1968, Penn Central unveiled plans for a tower designed by Marcel Breuer even bigger than the Pan Am Building to be built over Grand Central.
The plans drew huge opposition, most prominently from Jacqueline Kennedy Onassis. She said:
"Is it not cruel to let our city die by degrees, stripped of all her proud monuments, until there will be nothing left of all her history and beauty to inspire our children? If they are not inspired by the past of our city, where will they find the strength to fight for her future? Americans care about their past, but for short term gain they ignore it and tear down everything that matters. Maybe… this is the time to take a stand, to reverse the tide, so that we won't all end up in a uniform world of steel and glass boxes."
Six months prior to the unveiling of the Breuer plans, however, the New York City Landmarks Preservation Commission designated Grand Central a "landmark." Penn Central was unable to secure permission from the Commission to execute either of Breuer's two blueprints and filed suit agains the city, alleging a taking.[31] The resulting case, Penn Central Transportation Co. v. New York City (1978), was the first time that the Supreme Court ruled on a matter of historic preservation. The Court saved the terminal, holding that New York City's Landmarks Preservation Act did not constitute a "taking" of Penn Central's property under the Fifth Amendment and was a reasonable use of government land-use regulatory power.
Penn Central went into bankruptcy in 1970 in what was then the biggest corporate bankruptcy in American history. Title to Grand Central passed to Penn Central's corporate successor, American Premier Underwriters (APU) (which in turn was absorbed by American Financial Group). The Metropolitan Transportation Authority (MTA) signed a 280-year lease in 1994 and began a massive restoration. Midtown TDR Ventures, LLC, an investment group controlled by Argent Ventures,[32] purchased the station from American Financial in December, 2006.[33]

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