Governor Kathy Hochul, New York City Mayor Eric Adams, and the Port Authority of New York and New Jersey (PANYNJ) have agreed to work together to finance a $10 billion project to replace and expand the Port Authority Bus Terminal in Midtown, Manhattan. The city has agreed to allocate 40 years of tax revenue from three new commercial developments to fund the project, which has been designed by Foster + Partners. The tax allocation is expected to generate around $2 billion and cover approximately 20 percent of the total anticipated $10 billion cost of construction for the project.
Plans include the construction of a new main terminal, storage and staging buildings, and new direct ramps to the Lincoln Tunnel. When complete, the facility will replace the existing 74 year-old, 2.1 million-square-foot structure, which is located across two blocks between West 40th and West 42nd Street and Eighth and Ninth Avenues.
Existing Port Authority Bus Terminal, courtesy of Port Authority of New York and New Jersey
The project is expected to create 6,000 union jobs and aims for completion in phases, with the temporary terminal and new ramps planned to complete by 2028 and the main terminal planned to complete by 2032. It follows extensive community engagement and aims to improve bus terminal operations and local quality of life by introducing open public spaces and improved retail options.
“This landmark agreement marks a pivotal moment for our city and the Port Authority,” said New York City councilmember Erik Bottcher. “The commitment to replace the aging bus terminal is not just an investment in infrastructure, but an affirmation of our dedication to improving the daily commutes of thousands of New Yorkers. Today’s achievement is a testament to what we can accomplish when we prioritize the needs of our community and work collaboratively to build a more connected and accessible city. I want to thank the Adams administration for their commitment to this important project as well as the partnership from my elected colleagues, the Port Authority, and Community Board 4 on this significant investment for the future of New York City.”
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It Is About Time That A New Bus Terminal Will Be Created. Of Course, Hopefully That Also Means Creating Bigger And Better Subway Stations And Connections Between Them.
Fran Lebowitz would take a dump on you
What will the “temporary terminal” look like ?
Add ten years and double the price.
more like 15 and triple
I’m still amazed it will cost NYC
$10 BILLION to build a brand new
BUS TERMINAL?!?
REALLY? 🤔😳
Fleecing The herd… remember they did Subway tiles over which you could buy at home Depot for like a grand and it cost the taxpayers 3 million lol
Meanwhile related is building for almost the same $ “multiple skyscrapers that will additionally yield space for 1,500 apartments, two million square feet of office space, a public school, and a daycare center. & 2.7-million square feet with 1,750 guest rooms along with a conference center, retail, and restaurant space.
Temporary terminal will look like curb stops, with removable toilets on parking lot… maybe rain protecting shields. They will raise entire biggest in the world terminal and construction of new one will last well over decade… Instead of building New
Bus terminal next to Hudson Yard Second Part in place of turning it on next Shanghai on Hudson, while displacement of 200,000 Intercity bus consumers with greedy bus curb stops making traffic nightmare for entire Hudson Yard and West Side Neighborhood… Great Idea Governor and future case for corruption toward you lady!!!
What language is this?
Broken chat bot
This reminds me a bit of the Met Opera with the Chagall paintings. Perhaps those of the bus terminal might use a local historical subject such as “professional” ladies who used to congregate on 8th. I doubt I will live to see the completion of this project.