 The LIRR bought the line in 1886 and continued to operate passenger service until 1895.The LIRR had planned to extend the Atlantic Branch north into Manhattan to meet the New York Central Railroad (NYCRR) at what is now Grand Central Terminal, while at the same time, NYCRR competitor Pennsylvania Railroad was planning to build a tunnel to a new Manhattan terminal from New Jersey.Following negotiations, the Pennsylvania Railroad (PRR) acquired a majority stake of the LIRR in 1900, allowing the railroads to jointly build the New York Tunnel Extension and share a Manhattan terminal at Pennsylvania Station, which opened in 1910.