 Community leaders acquiesced after being told that some of the money was going to be used to renovate Battery Park, and the South Ferry Terminal Project was allowed to proceed.The FTA issued a Finding of No Significant Impact on August 30, 2004.During planning, the FTA evaluated several alternatives, including extending the existing loop platform northward; building the terminal with an extra track and platform; building a two-track terminal underneath the loop; building a two-track terminal directly under Water Street, to the east; building a two-track terminal along the waterfront under South Street, to the southeast; building a three-track terminal below the BMT Broadway Line's Whitehall Street station, under the namesake street; and building the terminal diagonally under Peter Minuit Plaza.