Press Release Article


PORT AUTHORITY BOARD TAKES ACTION ON SEVERAL ITEMS

Date: Oct 02, 2008
Press Release Number: 108-2008

At its monthly meeting this morning, the Port Authority Board of Commissioners authorized:

  • $12 million for Phase 2 of the perimeter-strengthening program at John F. Kennedy International, Newark Liberty International and LaGuardia airports for replacement of segments of the perimeter fence at the three airports. Also authorized $1 million for planning and design development of a perimeter barrier system for certain other areas of the airports.


  • A $25 million increase for a project to install an airport checkpoint closed-circuit television system at John F. Kennedy International, Newark Liberty International and LaGuardia airports.


  • $3.8 million in planning and engineering design services for the demolition and replacement of protective piers 9 and 204 at the Holland Tunnel, which provides access to the tunnel's New Jersey ventilation building.


  • $10.2 million in planning for the structural rehabilitation and future replacement of the Lincoln Tunnel helix in New Jersey.


  • A $3.6 million increase in the capital reserve fund in connection with the continued operation of the Ramada Hotel at John F. Kennedy International Airport, and $250,000 annually for the retention of an asset manager for the term of the hotel management and franchise agreement.


  • Agreements with George Washington Bridge Bus Station Development Venture LLC to facilitate the redevelopment of the George Washington Bridge Bus Station, including the development and lease of approximately 119,000 feet of first-class retail space for 49 years, with five10-year renewal options.


  • An approximate 10-year, 5-month lease with BMW of North America LLC for approximately 10 acres of open area at the Port Authority Auto Marine Terminal in Jersey City for the expansion of an existing vehicle processing center.


  • A supplemental agreement with BP Products North America Inc. for the continued lease of 800 linear feet of berth space and approximately 11 acres of open area in connection with its petroleum storage and distribution operations at Port Newark.


  • A settlement agreement with Donjon Marine Co., Inc., regarding a dispute related to certain leaseholds and permits for seven berths at Port Newark. As part of the settlement agreement, two new agreements with Donjon were authorized for a five-year term, with an additional five-year option, for the leasing of 2,624 linear feet of berth space and four acres of land at four of the berths at Port Newark.


  • The Executive Director to amend an existing agreement and enter into additional agreements with the City of New York for property rights within the Holland Tunnel exit plaza to allow the New York City Department of Environmental Protection to implement a revised design for a project related to the City's water tunnel project.


  • An agreement with the Construction Industry Advancement Program of New Jersey to continue the Port Authority's participation in their construction pre-apprenticeship training program.


CONTACT:
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.


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