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They're not removing the rail yard - they're covering it. Where exactly do you think all those trains would be stored if they removed it?

What they're doing is exactly what the project is called - Air Rights. They're using the real estate above the yards which is provided by building on top of them.

It is planned to be the link between Center City and University City. That's the whole point and it has been since the idea was first proposed during the days before 30th Street Station was built.
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