New renderings reveal a total overhaul of Port Authority Bus Terminal that would modernize and brighten the notoriously blighted Midtown transit hub. The Port Authority of New York & New Jersey recently announced a $10 billion renovation planned to begin in 2024 and complete around 2031, and is expected to be built without the need to expand beyond the current boundaries of the terminal, which is located on two parcels of land between Eighth and Ninth Avenues and West 40th and 42nd Streets. New York Governor Andrew Cuomo praised the much-needed transformation of the site in the hopes of becoming a “world-class transportation hub worthy of New York.” No announcement has been made on the architect for the project.
Port Authority Bus Terminal
Governor Andrew Cuomo this week unveiled a multi-billion dollar initiative to revitalize and rebuild infrastructure across New York State. Entitled “Reimagine | Rebuild | Renew,” the 2021 agenda is touted as the largest state infrastructure plan in the country and sets in motion the improvement of state roadways, public transportation, airports, and large swaths of Midtown, Manhattan.
In October of 2015, the Port Authority of New York & New Jersey (PANYNJ) approved a multi-billion-dollar redevelopment plan to build a new Port Authority Bus Terminal, located on the site of the existing one between West 40th and 42nd streets along Eighth Avenue. The design competition has since narrowed down to five finalists, Crain’s reported.
The Port Authority has approved a multi-billion-dollar plan to replace the Port Authority Bus Terminal between 8th and 9th Avenues and West 40th and 41st Streets, in Midtown West, according to the New York Post. The project will cost between $7 and $10 billion dollars, and funding will come from the sale of air rights, residential units, and commercial spaces. A design competition is expected to be held, and a team will be chosen by September of 2016.