A new city-commissioned report issued today finds that the extension of the 7 train into Jersey is “physically and operationally feasible,” so commuters may soon have a quick 16 minute ride from Secaucus to Grand Central Terminal. “The lack of new transit investment is creating a serious and urgent threat to New York City’s economic competitiveness,” said Mayor Bloomberg in a statement with the study. “Extending the 7 train to Secaucus is a promising potential solution—it would leverage existing investments and be compatible with other proposed projects—and is deserving of serious consideration.” The extension would accommodate an extra 128,000 commuters a day.