PATH to Ruin
The Port Authority used to set records in good ways. The George Washington Bridge was a marvel of engineering in its day, the world’s longest bridge when it was built, and still the busiest. The Port Authority Bus Terminal, opened in 1950, is to this day the largest on earth by passenger volume.
But today, the Port Authority of New York and New Jersey doesn’t brag about the records it sets. One World Trade Center, born the Freedom Tower and taken over by the Port in 2006, will be the most expensive office building in the world. The “Vehicle Security Center,” an underground tour bus garage and road network serving the World Trade Center complex, may very well be the most expensive parking garage in history.
And then there’s the PATH station to New Jersey, the most troubled project at one of the world’s most troubled construction sites. At $3.74 billion, plus another $200 million in contingencies, the “Transportation Hub” at the World Trade Center—not even the busiest station in the Financial District—will be far and away the most expensive train station built in modern history.
In Europe, Freedom for Sale
Port Authority executive director Chris Ward apparently scheduled a few media interviews to run here during his European marketing trip for One World Trade Center (The Freedom Tower). In a Reuters story from over the weekend, Mr. Ward talked numbers on rents for the tower.
From the story:
“We’d be pleased in this Read More
The back of Thursday’s Times A-section is torn over the World Trade Center fight.
There is a Times editorial defending the Port Authority and saying it should not be using its money to back financing on a speculative office tower, as the city and developer Larry Silverstein have demanded. Read More
At World Trade Center summit this afternoon, two governors, a mayor and a private developer are bound to clash. Read More
Like virtually everything else involved with the World Trade Center redevelopment, the official phasing out of the name “Freedom Tower” has been a slow process.
The moniker designated by Governor Pataki in 2003 for the site’s tallest building—which is slated to rise to 1776 feet, if you count the tower’s Read More
Here’s a clip of David Shuster, host of MSNBC’s "1600 Pennsylvania Avenue," interviewing/lecturing Port Authority executive director Chris Ward on Friday about the delays surrounding the World Trade Center redevelopment. The interview capped off a weeklong series on the redevelopment, with Mr. Shuster on an apparent crusade to scrap the current Read More
As the local representative for Manhattan and one of the most powerful people in state government, Sheldon Silver quite often gets his way with regard to decisions downtown. So it was a bit surprising today to hear Mr. Silver, at a rare Assembly hearing that he convened and led, call for new third-party oversight at Read More
Here’s Mayor Bloomberg on his Friday morning radio show with John Gambling on the World Trade Center and the Port Authority’s commitment to open the memorial by Sept. 11, 2011:
We all agree that the critical thing is that we have to have on the 10th anniversary of 9/11 the Memorial built with people being Read More
Port Authority executive director Chris Ward today presented his candid review of the outstanding challenges at the World Trade Center site, tossing out the existing timetables and listing more than a dozen unresolved issues that could add delays.
Mr. Ward’s announcement, as expected, did not outline any specific dates but rather the new director Read More
Governor David Paterson said today that he will likely move Moynihan Station under the purview of the Port Authority, dropping the imbroglio on the plate of soon-to-be-announced executive director Christopher Ward.
From The Observer’s Em Whitney:
David Paterson was on the WFAN "Boomer and Carton" show this morning, expressing frustration Read More