A good example of this is Grand Central Terminal in New York City, where William J. Wilgus, chief engineer of the New York Central and Hudson River Railroad, devised a plan to earn profit from air rights.
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This is how the MetLife Building came to be built next to the station, after public protest regarding the demolition of Grand Central Terminal.
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The project was built in an L-configuration around a number of existing buildings, including a parking garage belonging to the adjacent Ryerson University; in exchange for the air rights to build over its land, Ryerson gained use of the movie theatres as classrooms during daytime hours.
Originally part of New York City's bid to host the 2012 Summer Olympics, the New York City government had announced its intent to extend the 7 train to a station at 34th Street and Eleventh Avenue, adjacent to Javits Center to help facilitate development on the air-rights of the West Side Yards.