Deals
Port Authority to Review Tower Plan After Vornado Pulls Out
This article is for subscribers only.
The Port Authority of New York and New Jersey will reconsider plans to build a skyscraper over its midtown Manhattan bus terminal after developer Vornado Realty Trust said it won’t proceed with the project.
Board members have expressed “concerns” about plans for a 1.3 million square-foot (121,000-square-meter) tower above the terminal and those issues will be reviewed, Patrick Foye, the agency’s executive director, told reporters today after an authority meeting. He gave no timetable for the assessment.