HOBOKEN, N.J. (CBSNewYork/AP) — New Jersey Transit’s board has postponed a meeting where it was due to consider a controversial plan to buy a 3-acre site on Hoboken’s waterfront to use as a ferry maintenance terminal.

The meeting was scheduled for Wednesday.

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But the postponement was announced Tuesday after Gov. Phil Murphy and Hoboken Mayor Ravi Bhalla reached a compromise over the site, ending a dispute between the two Democrats.

NJ Transit had intended to purchase and lease the property to NY Waterway before it must vacate its current site in Weehawken on June 1.

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“The mayor and almost 92 percent of Hoboken residents want to see that as an open space, a park, as part of our continuous waterfront,” Hoboken communications manager Santiago Melli-Huber told CBS2’s Meg Baker Monday.

Bhalla wants the site used as a public park, and the city had started eminent domain proceedings last month. But he will stop that now and the Murphy administration will consider an alternative site for the terminal.

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