NEW YORK, NY September 12, 2008 —Gov. David Paterson is giving the proposed Moynihan Station in West Midtown one last shot. He wants the Port Authority, which he controls along with New Jersey Gov. Jon Corzine, to take over the sputtering transit project.

PATERSON: Moynihan Station is going to need more tracks, more runways, more platforms. We're just going to have to expand the amount of trains that would go through that station.

REPORTER: Until now the Moynihan Station proposal has called for a renovation of the Farley Post Office at 33rd Street and Eighth Avenue, and a new train hall over Penn Station a block to the East. But that plan won't increase train traffic.

It the Port Authority takes charge of the project from New York's economic development agency, it would close a $1 billion funding gap. But the Bloomberg administration is against the transfer of control. It says the Port Authority is busy enough with delays at Ground Zero.