THE PORT AUTHORITY OF NY & NJ
Press Release Article
PORT AUTHORITY ELECTS OFFICERS AT BOARD MEETING
Date: Apr 10, 2003
Press Release Number: 48-2003
The Commissioners of The Port Authority of New York and New Jersey today elected Anthony R. Coscia of North Caldwell, N.J., as Chairman of the bistate agency and re-elected Charles A. Gargano of New York City as Vice Chairman. Chairman Coscia was nominated as a Port Authority Commissioner by New Jersey Governor James E. McGreevey, and was sworn into office as a commissioner on April 3, 2003.
The Board also re-elected Joseph J. Seymour of New York City as Executive Director.
Chairman Coscia was elected, and Mr. Gargano and Mr. Seymour were re-elected, as Chairman, Vice Chairman and President, respectively, of the Port Authority\'s subsidiaries: the Port Authority Trans-Hudson Corporation (PATH), the Newark Legal and Communications Center Urban Renewal Corporation, and the New York and New Jersey Railroad Corporation.
The Chairman serves as chief executive officer and principal policy spokesman for the 12-member Board of Commissioners, whose members, six from each state, are appointed by the governors of their respective states. Each appointment is subject to the approval of the respective state Senate.
The Commissioners serve without compensation for six-year overlapping terms. The Board sets the policies of the Port Authority, and its actions are subject to review and veto by the governors.
Chairman Coscia, who succeeds outgoing Chairman Jack G. Sinagra, is a partner of Windels Marx Lane & Mittendorf, LLP. Since 1992, Chairman Coscia has served as Chairman of the New Jersey Economic Development Authority, one of the largest state-sponsored development banks in the United States, with more than $2 billion in assets and $14 billion in financings. He currently serves as Chairman of the New Jersey Corporation for Business Assistance. From 1990 to 1994, Chairman Coscia served as Commissioner of the Governor’s International Trade Commission (New Jersey).
Chairman Coscia sits on the Board of Directors of the Interchange Financial Services Corporation. In addition, he is General Counsel to the New Jersey World Trade Council and a member of the New Jersey Export Advisory Council, the New Capital Sources Partnership and the Fannie Mae Regional Partnership Advisory Board. He is a trustee of the George Street Playhouse in New Brunswick and the New Jersey Network Foundation, as well as an officer and director of a number of business and professional organizations.
Chairman Coscia is a 1981 Phi Beta Kappa graduate of Georgetown University School of Foreign Service. He received his law degree from Rutgers University School of Law in 1984, and he served as Editor-in-Chief of the Rutgers Computer and Technology Law Journal.
Vice Chairman Gargano was originally appointed a Commissioner of the Port Authority by New York Governor George E. Pataki, joining the Board on April 6, 1995.
A former U.S. Ambassador to the Republic of Trinidad & Tobago and Deputy Administrator of the federal Urban Mass Transportation Administration, Mr. Gargano currently serves as Chairman of the Empire State Development Corporation, responsible for all New York State economic development agencies.
The Board of Commissioners, in response to Governor George E. Pataki’s recommendation, elected Mr. Seymour as Executive Director effective January 3, 2002, succeeding the late Neil D. Levin, who was killed in the September 11, 2001 terror attacks on the World Trade Center. Mr. Seymour had previously been Chairman and Chief Executive Officer of the New York Power Authority.
Prior to that, Mr. Seymour served 4 1/2 years as New York State Commissioner of General Services. He also had served as Executive Deputy Commissioner of the New York State Department of Motor Vehicles, beginning in March 1995. He has more than 30 years of administrative, managerial and economic development experience in New York State and local governments.
The Port Authority of New York and New Jersey operates some of the busiest and most important transportation links in the region. They include John F. Kennedy International, Newark Liberty International, LaGuardia and Teterboro airports; the George Washington Bridge; the Lincoln and Holland tunnels; the three bridges between Staten Island and New Jersey; the PATH rapid-transit system; the 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.