54 years ago on February 11th, 1968
Madison Square Garden opens on the site of the old Pennsylvania Station
It was the city Landmarks Preservation Commission, formed as a result of the demolition, that would save Grand Central Terminal from a similar fate just two years later. In an effort to recreate the splendor of the original Penn Station, Amtrak is redeveloping a part of the nearby post office into Moynihan Station, an open-air train station that will have a skylight nearly the size of Grand Central Terminal's main ceiling. The new construction will service Amtrak and LIRR customers and is expected to be completed in 2021.