Proposed Port Authority split wouldn’t be easy, officials say

Past, present directors warn against separating agency's assets

TRD New York /
Apr.April 01, 2014 05:55 PM

Current and former leaders of the Port Authority of New York and New Jersey didn’t show much enthusiasm this week for Governor of New Jersey Chris Christie’s suggestion that the agency be split between states.

The authority’s executive director, Patrick Foye, said during a meeting this week that breaking up the agency responsible for the “Bridgegate” scandal would be “an extraordinarily challenging and difficult endeavor,” as the Wall Street Journal reported.

Former director, Chris Ward, said in the meeting that the affair, in which Christie was accused of closing lanes on the George Washington Bridge for political gain — a charge recently disproved by an internal investigation — is no reason to separate the agency’s assets, which include the bridge, the Lincoln Tunnel, and the World Trade Center site, among others.

“As often has been said, if the region didn’t have the Port Authority, it would be struggling to figure out how to create one,” Ward told the Journal. “And given its history and regional development, it’s essentially impossible to break the regional model now.”

Dividing the agency has been heavily debated, and an oversight  committee was appointed last month to consider reform, as was reported at the time. [WSJ]Angela Hunt


Related Articles

arrow_forward_ios
Substantial tax incentives put in place to help Lower Manhattan recover from the 9/11 terrorist attacks are still active 19 years later. (Getty Images)

19 years after 9/11, does Lower Manhattan still need subsidies?

19 years after 9/11, does Lower Manhattan still need subsidies?
Port Authority Bus Terminal and AECOM CEO Troy Rudd (Roger Rowlett via Wikipedia; AECOM)

“Worst place on earth” may be buried underground

“Worst place on earth” may be buried underground
Anna Wintour of Condé Nast, One World Trade Center and Douglas Durst (Wintour by Dia Dipasupil/Getty Images; 1WTC via iStock; Durst by Patrick McMullan via Getty Images)

Condé Nast wants out at 1WTC. Durst may not be OK with that

Condé Nast wants out at 1WTC. Durst may not be OK with that
From left: Port Authority Bus Terminal, Grand Central and Penn Station (Wikipedia, Pixabay, CDC)

TRD Insights: Focus may shift to Manhattan’s 3 transport hubs in post-Covid office market

TRD Insights: Focus may shift to Manhattan’s 3 transport hubs in post-Covid office market
Rick Cotton, Executive Director of The Port Authority of New York and New Jersey, and a photo of a mostly empty John F. Kennedy Airport pictured on April 16, 2020 (Credit: Astrid Stawiarz/Getty Images, Spencer Platt/Getty Images)

Major NY and NJ infrastructure projects in jeopardy

Major NY and NJ infrastructure projects in jeopardy
The total market value of all properties in New York City was at about $1.4 trillion (Credit: iStock)

Market value of NYC real estate went up at slowest rate in years

Market value of NYC real estate went up at slowest rate in years
Rep. Alexandria Ocasio-Cortez, Governor Andrew Cuomo (inset) and a rendering of LaGuardia's AirTrain (Credit: Getty Images, ANewLGA)

AOC joins in fight against Cuomo’s $2B LaGuardia AirTrain project

AOC joins in fight against Cuomo’s $2B LaGuardia AirTrain project
Cushman & Wakefield CEO Brett White and the Oculus (Credit: Cushman & Wakefield and Unsplash)

Cushman’s management contract at Oculus extended despite woes

Cushman’s management contract at Oculus extended despite woes
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...