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Big decisions await Port’s new director
The person New York Gov. Andrew Cuomo appoints to run the Port Authority of New York and New Jersey will inherit an agency wrestling with the twin pressures of declining revenue and escalating costs.
The imminent departure of the authority’s executive director, Chris Ward, comes as the authority is reviewing all the projects in its $25 billion, 10-year budget for capital projects. The effort is meant to free up cash and may lead to a rearranging of the agency’s priorities.
“What we need to do is look at all the projects that are on the drawing board, those that are in the pipeline, those that are ready to go, those that are going and decide about priorities and timing and sequencing, and that’s part of this process,” Port Authority Chairman David Samson said in an interview Wednesday. “Everything is on the table.” (Grossman, The Wall Street Journal)