NEW YORK – A special panel commissioned by New York Governor Andrew Cuomo and New Jersey Governor Chris Christie tasked with drafting a report on the future of the Port Authority of New York and New Jersey, presented a detailed overview of the document to the board of Thursday. The board voted unanimously in support of the core structural and strategic recommendations of the document, “Keeping the Region Moving.”
Board Chairman John Degnan noted the changes will not happen overnight.
“Most of them will require in terms of corporate governance, bylaw changes, (and) votes of the board,” Degnan said. “It is clear that if a CEO is recommended by a search committee, the board must ultimately conduct an interview of those final candidates and the board will have the responsibility of making that decision.”
Among the recommendations of the special panel is to replace the executive director and deputy executive director with a single chief executive officer selected by the board. It also would redeploy $600 million in unallocated regional development funds to address the transportation needs of the region and revitalize the Port’s LaGuardia, Kennedy and Newark Liberty airports, the Port Authority Bus Terminal, Port Commerce and the PATH trains and divesting from the non-core real estate and development, including the World Trade Center.
Stewart Airport at Newburgh is the Port’s northernmost airport.
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