NEW YORK CITY—Showing considerable wear-and-tear, the Port Authority Bus Terminal is getting a makeover.
"The functionally obsolete facility no longer meets the transportation needs of the hundreds of thousands of riders that pass through the terminal every day," says executive director Pat Foye and deputy executive director Deborah Gramiccioni in a joint statement. "The Port Authority is committed to identifying comprehensive improvements to within the context of its existing Capital Plan."
Port Authority of New York and New Jersey commissioners have recommended spending $90 million to improve on-time bus operations, fix leaky ceilings and create a response team for heating and air conditioning issues at the 64-year-old depot. However, more significant repairs are in store for the terminal.
"This is a terminal and facility that's really in bad shape," notes vice chairman Scott Rechler. "Longer term, we really need a new bus terminal."
Port Authority officials showed support for replacing the bus terminal entirely, but that effort likely would cost over $1 billion and could take a decade or even 15 years to complete.
The transportation agency plans to reallocate the $90 million from the existing capital plan to improve the daily commute. It plans to rearrange gates and monitor escalators to alleviate crowding, install a bus-tracking system, renovate the second-floor restrooms and step up cleaning and repairs.
The Port Authority has also applied for a $230 million federal grant to help finance a new bus parking area over the north tube of the Lincoln Tunnel.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.