THE PORT AUTHORITY OF NY & NJ
Press Release Article
PORT AUTHORITY BOARD TAKES ACTION ON EIGHT ITEMS
Date: Feb 22, 2007
Press Release Number: 16-2007
During its meeting today, the Port Authority Board of Commissioners took action on eight items related to facilities operated by the bistate agency.
In addition to votes to authorize the construction of the Freedom Tower and to approve contracts for specific Freedom Tower construction work, the following actions were taken:
- Authorized $2 million in planning for the development of a second vehicle access ramp to the subgrade at the World Trade Center site. The action will support planning and preliminary engineering of a vehicle ramp structure that will connect Vesey Street with the Freedom Tower parking level, a truck loading area and related infrastructure.
- Authorized supplemental agreements with General Aviation Aircraft Service, Inc., and Jet Aviation Teterboro L.P. that provide for their use and occupancy of Hangars 12 and 121 at Teterboro Airport. The agreements will relieve on-airport congestion and enhance safety.
- Authorized agreements with Consolidated Rail Corporation, Norfolk Southern Railway Company and CSX Transportation, Inc., (collectively Conrail) to provide for Conrail’s maintenance and operation of the ExpressRail Corbin Street Intermodal Rail Support Facility and the ExpressRail Elizabeth lead tracks, and construction of Phase 1B of the support facility. The agreement also calls for Conrail to surrender its existing lease for 28 acres west of Corbin Street at the Elizabeth-Port Authority Marine Terminal, which is needed to build the rail support facility.
- Authorized a lease with Windmill Distributing Company, L.P., doing business as Phoenix Beverages Inc., for the use of Pier 7 at the Brooklyn-Port Authority Marine Terminal. The lease provides for the use of approximately 269,600 square feet of warehouse space and approximately 185,315 square feet of open area on Pier 7 for a 15-year term with an option to extend the lease for a five-year period.
- In addition, the Port Authority’s Committee on Finance authorized the retention of brokerage services, effective March 1, 2007, to market, procure and administer a World Trade Center site-wide insurance program to provide appropriate insurance protection for the Port Authority, its contractors and subcontractors, in connection with construction of Port Authority-controlled projects on the site with the exception of the World Trade Center Transportation Hub.
- Authorized the Executive Director to consent to proposed transfers of leases and changes of ownership interests at the Port Authority’s Port facilities after appropriate due diligence has been conducted. The due diligence shall include a review of the proposed tenant’s integrity, financial capacity and operational ability, and the ability to make capital investments at the facility.