According to the New York City Economic Development Corporation, the Port Authority is one of many possible locations under consideration, but a deal to move the bi-weekly fashion shows to the grungy midtown bus terminal is nowhere near being finalized.

"Fashion Week is a vital asset to New York City and we are working expeditiously with IMG and the fashion industry to find a suitable new home,” said Patrick Murphy, the head of fashion/retail industry growth initiatives at the NYEDC. “The reports of an imminent or scuttled deal to move to the Port Authority Bus Terminal were erroneous.”

It is no secret that Fashion Week is persona non grata at Bryant Park and the contract with the company that hosts the event, IMG, expires in 2010. The EDC would not specify the other potential venues in the running, but The New York Daily News wrote in March that one long-term solution on the table is relocating Fashion Week to somewhere on the redeveloped West Side rail yards.