An Agency Out of Control
The Port Authority’s utterly mismanaged World Trade Center project has managed to ring up cost overruns of $4 billion in the past four years, according to a scathing audit of the bistate agency released last week. That means the World Trade Center will cost $15 billion—the project’s cost was estimated at $11 billion in 2008. Auditors said that “poor management” at the agency had “obscured full awareness of the billions of dollars” in overruns.
It’s a sad commentary on the PA and government in general that Mayor Michael Bloomberg didn’t seem upset by this scandalous waste. “That’s just part of the way the world works, and I’m not sure there’s anything wrong with it,” he said.
Tell that to motorists who have been socked with outrageous toll hikes on Port Authority bridges and tunnels. Read More
