Yesterday, federal, state and city officials broke ground on the Moynihan Station, the long-discussed project to redevelop Penn Station at the Farley Post Office on Eighth Avenue. After years of obstacles, it was more of a "symbolic gesture," welcoming federal money being used for the project (the feds are kicking in $83 million for phase one, which has an estimated total of $276 million).

The Observer points out, "There's [not] much to celebrate just yet: the $1.5 billion reconstruction of the station within the defunct James Farley post office is still years, if not many more decades, away. For now, we get a new concourse, extended platforms, and some glorified subway entrances." Oh, and officials got to demolish a cinderblock wall that had been specially constructed outside the post office—yes, that's Governor Paterson, the Sheriff of Moynihan Station, swinging at the wall.

Some more details about Moynihan Station at this state website. Also, Penn Station—the demolished one—would have been 100 this year.