THE PORT AUTHORITY OF NY & NJ
Press Release Article
PORT AUTHORITY BOARD TAKES ACTION ON SEVERAL ITEMS
Date: Oct 23, 2008
Press Release Number: 121-2008
At its monthly meeting this afternoon, the Port Authority Board of Commissioners authorized:
- A five-year lease with Federal Express Corporation for the continued occupancy of Hangar 6 and Building 262 at John F. Kennedy International Airport for the operation and maintenance of an express package and cargo operation.
- A 10-year lease extension with The Hertz Corporation for Building 24 at LaGuardia Airport for the continued use as an on-airport rental car facility.
- A 25-year lease with Citrus Products, Inc., for approximately 3.3 acres at Port Newark for the continued operation of a bulk orange juice storage facility.
- A supplemental agreement with FAPS, Inc., for the lease of approximately 20 acres of open area and warehouse space to provide for the processing of vehicles through 2019.
- The declaration of approximately 1,200 square feet of vacant land located between West 30th and West 31st streets and between 9th and Dyer avenues as surplus property, and authorizing a contract of sale with Arisa Realty Co. X LLC for the property.
- Through its Committee on Finance, the purchase of public liability insurance, through broker Marsh USA Inc., for a one-year term effective October 27, 2008.
Port Authority of New York and New Jersey
Steve Coleman, 212 435-7777
The Port Authority of New York and New Jersey operates many of the busiest and most important transportation links in the region. They include John F. Kennedy International, Newark Liberty International, LaGuardia, Stewart International and Teterboro airports; AirTrain JFK and AirTrain Newark; the George Washington Bridge and Bus Station; the Lincoln and Holland tunnels; the three bridges between Staten Island and New Jersey; the PATH (Port Authority Trans-Hudson) rapid-transit system; the Port Authority-Downtown Manhattan Heliport; Port Newark; the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal on Staten Island; the Brooklyn Piers/Red Hook Container Terminal; and the Port Authority Bus Terminal in midtown Manhattan. The agency also owns the 16-acre World Trade Center site in Lower Manhattan.
The Port Authority is financially self-supporting and receives no tax revenue from either state.