Is that their plan?  I do remember back several years ago with the original Duncan Oil proposal/project, the old Clark Station property was to be transferred to the Finkleman Family in exchange for a small piece of vacant land south of the old Office Outfitters property. 

Once the Clark Station was removed, the Finkleman family was going to create a landscaped garden with a replica of the fountain that was once located in this spot.  Harry was still alive at the time, and spearheading this effort.   It was going to be dedicated in honor of his wife, as she was still living at the time as well.

The city now controls the property as a result of the latest development agreement with Duncan.  The Downtown Strategic Plan contains a site plan of the area around the train station.  It does indicate this area as a landscaped garden:

http://www.cityofmiddletown.org/docs/ed/dsp/dsp_chapter3.pdf

Whether or not the train station ever sees passenger traffic again, the building should be preserved and the area around it needs some attention as well.  If the city wants to give the Finkleman the old Clark property to do what they originally wanted to do, I say go for it.