Gov. Kathy Hochul and Mayor Eric Adams announced an agreement Tuesday to partially fund a brand new Port Authority Bus Terminal through 'payment in lieu of
Gov. Kathy Hochul and Mayor Eric Adams announced an agreement Tuesday to partially fund athrough “payment in lieu of taxes” by new Midtown office developments.
“Our agreement with the city to provide a portion of the financing toward a new Midtown Bus Terminal will allow the Port Authority to move forward with a project that will generate economic benefits for our entire region while improving the quality of life in the community where the terminal is located,” said Kevin O’Toole, the Port Authority chair. “We will replace this aging eyesore with a world-class gateway our region deserves.
Funding for the new Port Authority Bus Terminal would partially come from PILOTs for large new office towers in the area.The bi-state agency released a draft environmental impact statement last month and hopes to gain final environmental approval from the feds this year.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rochester restaurants weigh in on Hochul's push to make to-go cocktails permanentGov. Kathy Hochul is making a renewed push to continue alcohol to-go sales from bars and restaurants in New York state.
Read more »
Illegal pot shops across New York City are hurting legitimate marijuana dispensaries, Gov. Kathy Hochul saysGov. Kathy Hochul says the abundance of illegal marijuana dispensaries in New York is hurting legitimate businesses.
Read more »
NYPD will ramp up subway bag checks as Gov. Hochul pledges to deploy state personnelNYPD will ramp up subway bag checks as Gov. Hochul pledges to deploy state personnel
Read more »
Watch Live: Gov. Kathy Hochul shares new subway safety plan after recent attacksGov. Kathy Hochul is expected to announce a new subway safety plan Wednesday, following several violent incidents.
Read more »
Gov. Hochul apologizes for ‘poor choice of words' in Buffalo analogy to Israel-Hamas warDelivering a keynote address to the United Jewish Appeal-Federation of New York on Thursday, Gov. Kathy Hochul made an analogy of the Middle East war to her…
Read more »
Hochul apologizes after saying Israel 'has right to defend itself' with 'inappropriate' Canada analogyNew York Gov. Kathy Hochul apologized for an 'inappropriate analogy' after comments some said implied Israel has the right to destroy Gaza after Oct. 7.
Read more »