Press Release Article


Date: Apr 10, 2003
Press Release Number: 49-2003

Anthony R. Coscia, an attorney and dedicated public servant who currently serves as Chairman of New Jersey’s Economic Development Authority, today was elected Chairman of The Port Authority of New York and New Jersey.

Chairman Coscia, who was nominated by New Jersey Governor James E. McGreevey, replaces outgoing Chairman Jack G. Sinagra. Mr. Sinagra, who was elected Chairman in December 2001, will remain a member of the Board.

\"I want to offer my thanks and gratitude to Governor McGreevey, who nominated me for this position, and to Governor Pataki for his strong support,\" Chairman Coscia said. \"I’m proud to lead this agency through one of the most challenging periods in its 80-year history.

\"I am committed to working with the members of the Board of Commissioners and the 7,000 dedicated Port Authority employees to build on the progress we have made in operating one of the world’s most complex regional transportation systems,\" Chairman Coscia said. \"We must work closely with our state and city partners to rebuild the PATH service and transportation infrastructure in Lower Manhattan, which will help strengthen the economy of the downtown area and improve the quality of life for those who live and work there.

\"We must also continue our efforts to improve safety and security at all of our facilities and keep pushing ahead with improvement projects that will ensure our airports, seaports, bridges, tunnels and bus terminal remain world-class facilities,\" Chairman Coscia said.

New Jersey Governor McGreevey said, \"Tony Coscia is the consummate public servant. He has faithfully dedicated himself to serving our state for many years on numerous boards and councils. His outstanding background and professionalism will enable him to be a strong leader for the Port Authority as the agency continues to build the region’s economy, its quality of life, and strengthen its world-renowned transportation network.

\"I would also like to thank Jack Sinagra for his outstanding contribution to the Port Authority and his service to the people of this region,\" Governor McGreevey said. \"His efforts are sincerely appreciated.\"

Chairman Coscia, of North Caldwell, N.J., is a partner of Windels Marx Lane and 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 Alliance. From 1990 to 1994, Chairman Coscia served as Commissioner of the Governor’s International Trade Commission (New Jersey). A Phi Beta Kappa graduate of the Georgetown University School of Foreign Service in 1981, Chairman Coscia received his law degree from Rutgers University School of Law in 1984.

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.

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