With its first edition scheduled for Q1 2009, the annual report will cover for the first time all Port Authority facilities in both New York and New Jersey. World Trade Center buildings controlled by the authority will be part of the report, along with the agency's airports, bridges, tunnels, terminals and port and PATH facilities.

In a release, Stringer calls the initiative "an important way for us to ensure the public and first responders that the Port Authority has been working diligently to make sure its public facilities conform with applicable building and fire codes and are safe for the hundreds of thousands of people who go through them every year. The authority's initiative is an example that should be followed by other state, federal and international entities which are technically exempt from city building and safety standards."

The initiative dovetails with the first point of the five-point plan Stringer released last August, in which he called for public disclosure of code compliance in so-called "non-jurisdictional" buildings. There are more than 800 such buildings in the city, Stringer pointed out at the time; they include state and federal courthouses, Penn Station and Grand Central Terminal and the United Nations Secretariat.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.