BAYONNE, NJ-It's not just New Jersey and you, but also New York, that's "Perfect Together." The Port Authority of New York and New Jersey gathered their Board of Commissioners on Thursday, appointed by the governors of each state, to work out a mutually beneficial deal involving the World Trade Center site and the Bayonne Bridge. At its core, the PANJ has agreed to help build Silverstein Properties Inc.'s proposed office buildings on the WTC site, at a cost of roughly $1 billion, through public financing and subsidies. Published reports say this bargain was agreed upon providing the PANY assist in the financing for the $1 billion revamp that the Bayonne Bridge desperately needs.

New Jersey in exchange for its help in providing financing and subsidies to complete the towers on the eastern side of the site will receive help for its $1 billion project of raising or rebuilding the Bayonne Bridge. This is a point of economic viability for the Garden State, as it risks having inadequate access to Newark Bay's port, should the bridge remain at its current height above Arthur Kill. The Port Authority did not return GlobeSt inquiries by deadline.

Currently, construction is underway to widen the Panama Canal to accommodate newer, larger cargo ships which would not fit underneath the Bayonne Bridge's status quo. Last year the Army Corp of Engineers calculated that the bridge would need to be raised to a height of 215 feet or rebuilt entirely, both of which fall around $1 billion to accomplish.