BY BOB HOLT
The Port Authority of New York and New Jersey anticipates 42,000 commuters using its Bus Terminal every hour by 2040. The agency wants to build a new bus terminal at the site of its current, aging facility.
But it will come at an extremely high price.
Capital New York reports that options being considered by the Port Authority would cost between $8 billion and $10 billion to complete. Officials have spoken about a five-level terminal that would take up 3.5 city blocks, counting parking, ramps, and staging.
NJ.com reports that the estimated cost also includes a temporary bus terminal that could serve the 230,000 bus commuters a day that the current terminal sees until the new facility is ready.
That might take 10 to 15 years, depending on the option chosen.
NorthJersey.com lists two potential choices for the Port Authority that don’t involve building a temporary station. One included building the new terminal on the current site with a skyscraper at 8th and 42nd Street, and another plan would build the new station between 9th and 11th Avenues and from 39th to 40th Street.