Exchange Place (H&M station)

Exchange Place
PATH rapid transit station
A PA5 train at Exchange Place, bound for WTC.
Location	Exchange Place Jersey City, New Jersey
Coordinates	40°42′58″N 74°01′59″W / 40.7162°N 74.032981°W / 40.7162; -74.032981Coordinates: 40°42′58″N 74°01′59″W / 40.7162°N 74.032981°W / 40.7162; -74.032981
Owned by	Port Authority of New York and New Jersey
Line(s)	NWK–WTC   HOB–WTC
Platforms	2 inter-connected side platforms cross-platform interchange
Tracks	2
Connections	HBLR @ Exchange Place NJT Bus: 1, 64, 68, 80, 81 A&C Bus 4
Construction
Parking	480-car parking garage
Disabled access	Yes
History
Opened	1909
Rebuilt	1989
Electrified	600V (DC) Third Rail(PATH)
Traffic
Passengers (2015)	4,430,237  13.1%
Services
Preceding station   PATH   Following station   Daily service   Grove Street toward Newark NWK–WTC World Trade Center Terminus   Weekdays only (except nights)   Newport toward Hoboken HOB–WTC World Trade Center Terminus   Former services   Preceding station   Hudson and Manhattan Railroad   Following station Grove-Henderson Streets toward Park Place Park Place – Hudson Terminal Hudson Terminal Terminus

Exchange Place is a station on the PATH system. Located at Exchange Place near the Hudson River waterfront in the Paulus Hook neighborhood of Jersey City, New Jersey, it is served by the Newark–World Trade Center line at all times and by the Hoboken–World Trade Center line on weekdays. The Hudson-Bergen Light Rail has a stop outside the PATH station, which is also called Exchange Place.

The original Exchange Place station opened on July 19, 1909 at the western end of the Downtown Hudson Tubes adjacent to Pennsylvania Railroad station and ferry terminal. The above ground entrance and platforms were refurbished in the late 1960s / early 1970s after the Port Authority of New York and New Jersey took over operations of the Hudson and Manhattan Railroad.

In the early years of the H&M Railroad, there were a number of incidents, including a derailment on April 26, 1942 that resulted in five deaths and over 200 injuries. In that incident, the train operator Louis Vierbucken was charged with manslaughter, as he was under the influence of liquor. Court records recount that he "began to go faster and faster, disregarding warning signals and curves" and then the train derailed at the station.

The present-day station entrance pavilion at Exchange Place was constructed at a cost of $66 million, and was dedicated on September 13, 1989. At this time, the surrounding Paulus Hook area was beginning to undergo revitalization with new office building construction.