Port Authority leased air rights for $500 million to fund major improvements. On November 30, 2007, the Port Authority announced an agreement to facilitate construction of a 40-story, 1.3 million-square-foot office tower above the north wing of the 42nd Street Bus Terminal. Under the agreement, the Port Authority would lease the air rights over the area to 20X Square Associates, a joint venture between Vornado Realty and Ruben Companies. The agency will also share in … <Read More>
Port Authority of NY & NJ
Landmarked TWA terminal restoration project proposed
Port Authority seeks proposals for restoration of former TWA terminal at JFK airport. Designed by architect Eero Saarinen, the building was TWA’s terminal from 1962 until 2001. The main building consists of four reinforced-concrete vaults separated by narrow skylights, and is flanked by two wing-shaped, single-story extensions. Two elevated oval tubes made of steel framing with a stucco finish connect the main structure to the flight wings.
In 1994, Landmarks designated the interior and … <Read More>