Twenty years after it was first proposed, the plan to transform Penn Station into Moynihan Station is getting a major reset. NY1's Josh Robin filed the following report.

They announced they would transform Penn Station into a grand entrance worthy of the city. It would be named after Daniel Patrick Moynihan, the former senator who long lamented the demise of the old Penn Station.

"Vincent Scully at Yale said, 'You once entered New York City like an emperor, and you now scurry in like a rat,'" Moynihan said in 2002.

Thirteen years and three governors later, Governor Andrew Cuomo has a new plan to improve it - for real, this time - and the change starts with the name.

Moynihan Station is apparently out, although officials say the hall housed in the Farley Post Office across Eighth Avenue will be named for the senator, who died in 2003.

Cuomo says bigger changes are afoot across the street, in Penn Station itself.

While redeveloping the post office was long planned, not so for what had charitably been called claustrophic.

"What is amazing is how long it has been tolerated," Cuomo said. "It's not like Penn was a secret. It has gone on for decade after decade after decade."

With the blessings of Amtrak, which owns the facility, a developer will be chosen to rehaul the station, with the possibility of a grand entrance and assurances of wider halls and a fresher vibe in a joined Empire Station Complex.

There was talk about moving Madison Square Garden to make way for a new Penn Station. That, of course, hasn't happened, but the owners of MSG are willing to part with a smaller theater. That could make way for more natural light. MSG would have to be compensated.

Taxpayers may also be on the hook for $20 million. That's because after limited progress, Cuomo is scrapping a 10-year old deal with two developers, although they may bid again.

Observers say what's also new is a governor's committment.

"He said, 'I'm going to be the governor who does big things again, the way we haven't since Nelson Rockefeller,'" said Thomas Wright of the Regional Plan Association.

As for Moynihan, a former top aide says the senator wouldn't have cared his name isn't getting the top billing once expected, as long as the station just finally is built to be the best.