Apparently there’s a more valuable use for real estate in the far West Side than bus parking.
Today at its board meeting, the Port Authority designated a sliver of about 1,200 square feet it owns by the Lincoln Tunnel entrance ramp and West 30th Street as “surplus property,” clearing the way to sell it to a hotel developer [PDF here, with the deal on page 6]. The site, used as part of a larger bus parking lot, will be sold for $4,155,120 to Arisa Realty, which owns the parcel directly to the north (on the southeast corner of the entrance ramp street and West 31st Street).
Representatives for Arisa weren’t available, but the Port Authority’s board materials said the action clears the way for Arisa to build a 211-room hotel at the site.
As for the bus parking? Apparently the number of bus parking slots in the larger site will stay the same at 21, with Arisa paying for the Port to reengineer their parking lot to squeeze in more buses.