it’s astonishing that an agency that fucks up every project they manage is even in the running to manage the eternally morphing (and atrophied) plan to rebuild penn station under the nom du jour of Moynihan Station.
the port authority has just cost the city of new york $321 million — wait, let me write it out correctly:
$321,000,000.00 dollars
every port authority project comes in late (if at all) and overbudget, but this last one is a killer. we, and i do mean WE, the taxpayers of new york city, have to pay (are you sitting down?) GOLDMAN SACHS these hundreds of millions because the port authority did not make its building deadlines at the former world trade center site, where goldman is building its new world HQ, lured by immense tax breaks and a sordid backroom deal where the little taxes and rent they are required to pay went into an escrow account that would revert to them if things didn’t happen by deadline, which they didn’t.
to his credit, governor patterson is questioning whether or not they should get this new project, but he does believe they belong at the table with the other frontrunners.
the port authority sucks money out of the MTA, mismanages the airports, and is half controlled by new jersey. i don’t understand why such an agency even exists, much less why it owned the world trade center and continues to administer that site. but now that their incompetence has resulted in a situation where we have to pay millions to the most wealthy investment banking firm in the world, well, this is not an agency that belongs in charge of pocket change, much less multimegamillion dollar projects.
throw the bums out!
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