Streets. The terminal was designed with ramps to allow pedestrian traffic to flow in and out of the station quickly and easily. The station was served by two single-track tubes connected by a loop to speed train movements. The loop included five tracks and 3 platforms (2 center island and one side) and was somewhat similar to the arrangement of the first and second World Trade Center stations. By 1914, passenger volume at the Hudson Terminal had reached 30,535,500 annually. Volume nearly doubled by 1922, with 59,221,354 passengers that year. Overall ridership on the Hudson and Manhattan Railroad declined substantially from a high of 113 million riders in 1927 to 26 million in 1958, after new automobile tunnels and bridges opened across the Hudson River. The H&M went bankrupt in 1954. The state of New Jersey wanted the Port Authority of New York and New Jersey to take over the railroad, but the Port Authority had long viewed it as unprofitable. The Port Authority ultimately took over the H&M as part of an agreement concerning the construction of the World Trade Center. The Port Authority had initially proposed constructing the complex on the East River, on the opposite side of Lower Manhattan from Hudson Terminal. As an interstate agency, the Port Authority required approval for its projects from both New Jersey's and New York's state governments, but the New Jersey government objected that the proposed trade center would mostly benefit New York. In late 1961, Port Authority executive director Austin J. Tobin proposed shifting the project to Hudson Terminal and taking over the H&M in exchange for New Jersey's agreement. On January 22, 1962, the two states reached an agreement to allow the Port Authority to take over the railroad and build the World Trade Center on the Hudson Terminal site, which was by then deemed obsolete. Old PATH stations Original PATH station Groundbreaking on the World Trade Center took place in 1966. The site was on land fill, with bedrock located below the surface. A new method was used to construct a slurry wall to keep out water from the Hudson River. During excavation of the site and construction of the towers, the original Hudson Tubes remained in service as elevated tunnels. The new station cost $35 million to build. At the time, it had a passenger volume of 85,000 daily. The Hudson Terminal station closed on July 2,