Press Release Article


Date: Nov 04, 2016
Press Release Number: 216-2016

"This phase of the judicial process has now concluded with respect to the individuals involved. Following the sordid and troubling revelations about how the Port Authority was misused and diverted from its mission, our work toward institutionalizing agency reform will continue with renewed vigor to achieve a culture of honesty, public service, transparency and accountability. We are resolved to prevent any recurrence of events that have damaged the agency and public and unfairly besmirched our talented and professional staff."

Port Authority of New York and New Jersey

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere. The Port Authority receives no tax revenue from either the State of New York or New Jersey or from the City of New York. The agency raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit. For more information, please visit

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