THE PORT AUTHORITY OF NY & NJ
Press Release Article
PORT AUTHORITY BOARD TAKES ACTION ON SEVERAL ITEMS, INCLUDING ELECTION OF OFFICERS
Date: May 18, 2010
Press Release Number: 29-2010
At its monthly meeting this afternoon, the Port Authority Board of Commissioners took the following non-World Trade Center actions:
- Re-elected Anthony R. Coscia as chairman of the bistate agency, and Stanley E. Grayson as Vice Chairman. The Board re-elected Christopher O. Ward as Executive Director and Darrell Buchbinder as General Counsel. In addition, Mr. Coscia announced that Bill Baroni will continue to serve as Deputy Executive Director.
- Authorized an increase of $660,000 under a Memorandum of Agreement with Essex County, N.J. that provides for the Port Authority to fund the county's cost to acquire property for the Riverbank Park Extension in Newark under the Hudson-Raritan Estuary Resources Program.
- Re-authorized a project to complete the wharf reconstruction at Berth 8 and part of Berth 10 at Port Newark.
- Authorized a new lease with American Airlines Inc., for the leasing of approximately 525,750 square feet of hangar, office and flight kitchen space, consisting of Hangar 10 for a five-year period and Buildings 121 and 122 for a two-year period.
- Authorized an extension of the North Wing Exclusivity Agreement between the Port Authority and 20X Square Associates LLC, a joint venture of Vornado Realty, L.P. and Lawrence Ruben Company Inc., for the development, construction and operation of an office tower above the North Wing of the Port Authority Bus Terminal. The Board also authorized a five-year Retail Management Agreement with 20X Square for the management and operation of retail space in the north and south wings of the bus terminal.
- Authorized, through its Committee on Finance, the purchase of property insurance for a one-year term.
The 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; Port Newark; the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal on Staten Island; the Port Authority Auto Marine Terminal; 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 and is a partner in the Access to the Region's Core tunnel project.