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Shortly after the accident, the New York Central Railroad proposed plans for a new, larger Grand Central Station. The costly electrification and construction of the new railway station was compensated by the use of air rights: Electrification made it possible for the tracks to be covered and paved over all the way to 49th Street. Developers were allowed to construct buildings on top of it, but had to pay an extra sum to the railway company, the so-called air rights. Even the air on top of low-level buildings can be sold this way so that taller neighboring buildings are allowed.
In 1903 a competition was held for the design of the new Grand Central. The firm of Reed and Stem was chosen. William K. Vanderbilt II, one of the descendants of the 'Commodore'
Elevated road separating
cars from pedestrians
Underground corridor
Hercules, Mercurius and Minerva
The Main Concourse
asked Warren and Wetmore to collaborate with Reed and Stem. While the latter were responsible for the overall design and layout, Warren and Wetmore were responsible for the architectural details and Beaux-Arts style.
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