NEWARK, N.J. (CBSNewYork/AP) — NJ TRANSIT will not purchase a three-acre site on Hoboken’s waterfront to use as a ferry maintenance terminal.

After the controversial decision to reschedule its board meeting on Martin Luther King Jr. Day, NJ TRANSIT’s board of directors didn’t have enough votes to support purchasing the site, so the item was pulled from the agenda, WCBS 880’s Kelly Waldron reported.

It came as good news to Hoboken Mayor Ravinder Bhalla, who wants the site as a public park.

“It’s a huge victory for open space, for economic development and for the environment,” he said.

Now Bhalla says he’ll work in partnership with New York Waterway.

“To preserve this property as open space and also make sure that New York Waterway has a location that it can dock its boats,” he said.

“Our waterfront is an asset not just to our community, but the entire state, and I will fight tooth and nail to preserve the former Union Dry Dock property as open space,” Bhalla said. “We value NY Waterway and their role in our regional transportation system, and I want to work with them and all stakeholders to find a comprehensive solution that will benefit our entire region.”

The vote was scheduled for last Wednesday, but not enough board members showed up to constitute a quorum. It was rescheduled for Friday, then for Monday, a federal holiday.

In July, Gov, Chris Christie signed a measure that included $12 million for purchase of the land.

(© Copyright 2018 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)