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New Yorkers and architectural enthusiasts were outraged by the razing of Penn Station; however, selling the air rights to the seven-acre structure created a financial gain for the station, which was seeing too few rail passengers. Now, instead of Doric columns, passengers are greeted by a never-ending line of yellow taxi cabs and a large billboard announcing upcoming events at the Garden. An imposing, sober colonnade of corinthian columns arranged in Doric order, McKim, Mead and White’s Pennsylvania Station combined glass-and-steel train sheds and a magnificently proportioned concourse with a breathtaking monumental entrance to New York City. The Pennsylvania Railroad began looking to divest itself of the cost of operation of the under-utilized structure, optioning the air rights of Penn Station in the 1950s. Grand Central Station, which still exists and is still beautiful, and Pennsylvania Station, which still exists and is, well, no longer beautiful. The reason Pennsylvania Station is no longer beautiful is that the original Pennsylvania Station was torn down in 1963.
When you looked up, you could see the sublime Roman style architecture, the glass ceiling soaring 100 feet above your head.

The original building, built in 1910, was demolished in 1963 to make way for Penn Plaza and the fourth and current setting of Madison Square Garden.
The demolition of the original structure was one of the reasons for the city's first architectural preservation statutes. The complex is owned by Amtrak, but also offers services by Metropolitan Transit Authority, New Jersey Transit, and a Continental Airlines ticket booth. That picture, which is from 1929, is below, along with one of Grand Central (?) with the same sun-beam effect. New York's Pennsylvania Station used to be one of the largest indoor public spaces in the world.
As a tradeoff, Penn Station received a new (smaller) underground station and 25 percent stake in Madison Square Garden.
600,000 passengers use the station every day, making Penn Station the busiest train station in North America.

From the street entrance modelled after Berlin’s Brandenburg Gate, led to the two railroads that the building served, the Pennsylvania and the Long Island Rail Road. In exchange for the air-rights to Penn Station, the Pennsylvania Railroad would get a brand-new, air-conditioned, smaller station located completely below street level at no cost, and a 25% stake in the new Madison Square Garden Complex.
Its enormous main waiting room, inspired by the Roman Baths of Caracalla, approximated the scale of St.

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