Quote:
Originally Posted by tone99loc
Good - For the world's largest bus terminal, they really need a new building. Here's a short list of things that suck about the current bus terminal:
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They aren't talking about replacing the bus terminal. They're talking about building a bus garage on a separate site, so the bus congestion will be less crazy.
Silverstein has a site for a huge residential tower on 39th between 10th/11th, and he's offering to build the Port Authority a bus garage on the base (likely in exchange for some benefit like more air rights).
The bus terminal itself was scheduled to be renovated/expanded, but in tandem with development of an office tower on top by Vornado. Unfortunately, Vornado's Chinese financing partner went bust, and the office tower plan is on hold.
Mods, we should probably split this thread in two, because we're talking about two separate sites. This new Silverstein residential tower is a few blocks west of the bus terminal, and is totally different from the Vornado office tower plan.