In 2005, the New York City Council approved the rezoning of Hudson Yards, in hope of transforming Hudson Yards into a vibrant extension of Midtown's business and residential districts. The project would bring new life into the neighborhood.
To better serve the neighborhood and to boost its rebirth, the city decided to extend subway line No. 7 which would bring a new subway station to 41st Street and 10th Avenue.
Yet, the Hudson Yards Development Corporation, the nonprofit that oversees the development of Hudson Yards' plans now lacks the funds needed to build the subway line extension.
In order to get funding for the project, the Real Estate Board of New York (REBNY) has formed a coalition to restore the subway stop and is seeking federal funds so that the No. 7 extension line stops west of its current terminal in Time Square.