A system and method for measuring and adjusting rotor to stator clearances is disclosed, as well as a turbomachine embodying the system and method. In an embodiment, a turbomachine is assembled, including a stator having an upper and a lower stator shell, and a rotor disposed within the stator. A cold clearance between the rotor and the stator is determined at each of a plurality of clearance measurement points using an in situ clearance sensor system. Each of the clearance measurement points is axially spaced from each other clearance measurement point. The cold clearance between the rotor and the stator is adjusted based on the determined cold clearances, by displacing one of the upper stator shell or the lower stator shell relative to a foundation, thereby changing a shape of the upper stator shell or the lower stator shell to accommodate a position of the rotor within the stator.