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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release March 4, 1998

STATEMENT BY THE PRESIDENT

Last October, at the request of Senator Moynihan, the White House began meetings with the Department of Transportation, the U.S. Postal Service, the General Services Administration, Amtrak, the Pennsylvania Station Redevelopment Corporation, and local officials to find a way to designate the James Farley Post Office Building in New York City as the new home for Penn Station.

Today, I am happy to announce that an accord has been reached on Penn Station and plans to restore the James Farley Post Office Building are now underway. I applaud Senator Moynihan's leadership and those involved in creating this magnificent opportunity.

In 1993, I asked Congress to act on a vision to build a new, beautiful railroad station in Manhattan worthy of the future and worthy of New York City. Today, that vision has become a reality.

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