Transportation
Manhattan’s Run-Down Bus Hub Wins $1.9 Billion Loan for Makeover
- The federal funding will go towards the $10 billion overhaul
- Port Authority scored financing days before Trump takes office
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New York City’s run-down bus terminal has scored a round of federal funding for its $10 billion makeover, just days before President-elect Donald Trump’s inauguration.
The Port Authority of New York and New Jersey will receive a $1.9 billion loan through the US Department of Transportation to finance the first phase of the Midtown bus terminal replacement project, according to a Tuesday press release.