Posted Oct 12, 2020, 5:47 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,900
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https://therealdeal.com/2020/10/12/p...-land-to-sell/
Port Authority, out $3B, has waterfront land to sell
Agency’s revenue crushed by Covid as it pursued projects costing billions
TRD New York
October 12, 2020
Quote:
...The executive director also discussed office leasing at the World Trade Center (“The big picture is it’s going extraordinarily well”) and rebuilding the Port Authority Bus Terminal (“We will publish our new proposal well before the end of the year”).
The bus terminal, on Eighth Avenue and West 42nd Street, will involve a revenue-generating private component to help cover the cost, which could exceed $10 billion. “Infrastructure is expensive,” Cotton said. “But we need to get on with it.”
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