Govs. Andrew Cuomo and Chris Christie have turned to a familiar idea in their pledge to reform the Port Authority of New York and New Jersey: selling its real estate.
A report released over the weekend highlights a plan to sell off many of the agency’s sprawling property holdings, by far the most notable of which is the World Trade Center site in lower Manhattan.
That concept has long been pushed within the agency, and it has been implemented gradually over the past decade and a half. — wsj.com
At $3.74 billion, plus another $200 million in contingencies, the “Transportation Hub” at the World Trade Center—not even the busiest station in the Financial District—will be far and away the most expensive train station built in modern history.
The Hub, as it’s known in Port Authority speak, will be the crowning artistic statement of the World Trade Center complex, perhaps the last grand gesture at a site that was supposed to be full of them. — observer.com
Terminal workers speak a florid corporate language of “space optimization” and “key performance indicators.” Longshoremen click computer mice and complain about Microsoft Windows as everyone else in the white-collar world does. — NYT
Over the weekend Alan Feuer, took readers along on a tour of the six container terminals belonging to the The Port Authority of New York and New Jersey. The visit gave him an opportunity to report on how the; infrastructural-logistical pressures of a post-Panamax infrastructure, along with...
SUBMIT NEWS: submit in 60 seconds!