Port Authority plans 8th Ave. tower

The Port Authority is resurrecting long-dormant plans to construct a 42-story office tower above its bus terminal at 42nd Street and Eighth Avenue. Vornado Realty Trust and Lawrence Rubin Co., which were slated to build a tower on the site seven years ago, are once again in talks with the Port Authority about constructing the skyscraper. The authority is also considering buying up land on 10th Avenue to build a new bus terminal, therefore allowing for the sale or redevelopment of its current Eighth Avenue space. more [Sun]