The Port Authority's $32 billion ten-year capital plan is disappointing.
Only $3.5 billion is provided toward construction of the new $10 billion 42nd Street bus terminal, how many more years will it take to complete this study, environmental review, and final design and engineering?
It is wishful thinking for the Port Authority to count on $6.5 billion in future federal funding to make up the difference.
The Port Authority should learn from its mistakes. The World Trade Center PATH Station costs doubled from $2 billion to $4 billion and took 15 years to complete. How long it will take for a new midtown bus terminal?
The estimated costs are already $10 billion with no design and no real anticipated completion date.