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.
William J. Clinton, Statement on the Accord on a New Railroad Station for New York City Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/225726