DOCSLIB.ORG

State of New York Office of the State Comptroller Division of Management Audit and State Financial Services

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

State of New York Office of the State Comptroller Division of Management Audit and State Financial Services PORT AUTHORITY OF NEW YORK AND NEW JERSEY REGIONAL DEVELOPMENT PROGRAM REPORT 97-S-37 H. Carl McCall Comptroller State of New York Office of the State Comptroller Division of Management Audit and State Financial Services Report 97-S-37 Mr. Lewis M. Eisenberg Chairman Port Authority of New York and New Jersey One World Trade Center New York, NY 10048 Dear Mr. Eisenberg: The following is our report on the Port Authority of New York and New Jersey’s Regional Development Program. We did this audit according to the State Comptroller’s authority as stated in Section 7071 of the Unconsolidated Laws of New York. We list major contributors to this report in Appendix A. September 30, 1998 OSC Management Audit reports can be accessed via the OSC Web Page : http://www.osc.state.ny.us. If you wish your name to be deleted from our mailing list or if your address has changed, contact the Management Audit Group at (518) 474-3271 or at the Office of the State Comptroller, Alfred E. Smith State Office Building, 13th Floor, Albany, NY 12236. Executive Summary Port Authority of New York and New Jersey Regional Development Program Scope of Audit In 1978, the legislatures of the states of New York and New Jersey authorized the Port Authority of New York and New Jersey (Port Authority) to undertake a regional development program that included the construction and operation of industrial parks and other economic development projects in the inner cities of the Port Authority region. The intent of the program was to create and/or retain jobs, stimulate private investment, stabilize or improve the tax base, and create momentum for economic development near the industrial parks. Regional development projects undertaken by the Port Authority include the Essex County Resource Recovery Facility in New Jersey; Bathgate Industrial Park in the Bronx; the Industrial Park at Yonkers, NY; the Industrial Park at Elizabeth, NJ; and the Teleport on Staten Island, NY. Another regional development project was the Newark Legal Center in Newark, NJ, which was undertaken pursuant to state laws passed in New York and New Jersey in 1962. When fully developed, these six projects were expected to directly support 9,875 jobs. Through December 1996, construction of these projects cost the Port Authority approximately $531.6 million. From 1992 through calendar year 1996, the projects incurred a net loss of approximately $29.1 million (including amortization). Our audit addressed the following questions: ! To what extent has the Port Authority’s regional development program fulfilled its original intent of creating and/or retaining jobs, stimulating private investment, and foster the development of the areas surrounding the projects? ! Should the Port Authority develop a strategy for the disposition of profitable regional development projects that are not part of its core mission? Audit Observations Significant improvements have been made to the six sites where the Port and Conclusions Authority’s projects are located. As of December 17, 1997, the projects were supporting a total of 6,260 jobs. However, the projects have not all served as catalysts for the economic development of their immediate areas, as originally envisioned. Three of the projects -- Newark Legal Center, Yonkers Industrial Park, and the Teleport -- have a total vacancy of 232,291 square feet of rentable space, resulting in a potential cumulative gross revenue loss of $14.7 million to the Port Authority. In addition, 2 lots at Bathgate Industrial Park and 30 acres of the 100-acre site at the Teleport remain undeveloped. Moreover, four of the six projects — the Elizabeth, Bathgate, and Yonkers industrial parks; and the Newark Legal Center -- have generated net annual losses (at least during some recent years) and, as a result, have been a drain on the operations of the two remaining projects and the Port Authority as a whole. The projects’ location in economically-distressed areas has often discouraged prospective tenants and developers. The Port Authority must work to overcome this challenge to meet the goals of improving these areas. We recommended that the Port Authority enhance its marketing efforts to attract tenants and investors who can create and retain jobs. (See pp. 7-11) Moreover, additional charges in lieu of taxes on common area infrastruc- ture and other facility improvements, as well as the methodology used for determining those amounts, have made Teleport rentals particularly unattractive. The Port Authority needs to look at ways to make these rents competitive. (See pp. 9-11) In 1995, the Port Authority’s new Executive Director decided to reempha- size its core mission of providing transportation to the bi-state region. As a result, Port Authority officials have sold 79 acres of the 91-acre Elizabeth Industrial Park and 2 of the 7 buildings at Yonkers Industrial Park, but said they decided not to sell the Bathgate Industrial Park and the Teleport because both facilities continue to contribute to net operating revenues. We recommended that the Port Authority develop a strategy for all of its projects, including divesting itself of additional projects that are not part of its core mission. (See pp. 11-13) There are shortfalls in revenues from the Essex County Resource Recovery Facility (Essex Facility). Essex County is expected to make a reasonable effort to ensure that the facility receives 680,000 tons of acceptable solid waste. Instead, between 230,000 to 280,000 tons of waste are being diverted to landfills and incinerators located outside the county that charge a lower fee to accept the waste. We estimated that this diversion results in decreased annual revenues to the Port Authority and the plant operator ranging from $7.9 million to $9.7 million. Diversion and replacement waste from alternate sources mitigated some of this loss in 1997, but a recent decision by the U.S. Supreme Court allows carters to bypass designated waste disposal facilities, such as the Essex Facility, thus leading to further revenue decreases in the future. We suggested that officials from the Port Authority work with those from Essex County and the State of New Jersey to make this project economically viable. (See pp. 23-25) Comments of Port In response to the draft audit report, Port Authority officials did not Authority Officials specifically agree or disagree with our recommendations. However, officials stated that many of our recommendations were consistent with the Port Authority’s existing business strategy. Furthermore, the Port Authority’s response indicated that officials had taken actions to implement several of our recommendations. Contents Introduction Background ..................................1 Audit Scope, Objectives and Methodology ................4 Comments of Port Authority Officials ...................5 Operation of Economic Growth and Job Creation ....................7 Regional Unoccupied Space ..............................9 Divestiture .................................. 11 Development Recommendations .............................. 13 Projects Supplemental Rent ......................................... 15 Recommendation .............................. 17 Arrearages ......................................... 19 Recommendations .............................. 21 Essex County ......................................... 23 Resource Recovery Recommendation .............................. 25 Facility Exhibit A Income (Loss) Before Amortization Appendix A Major Contributors to This Report Appendix B Comments of Port Authority Officials Introduction Background The Port Authority of New York and New Jersey (Port Authority) was established on April 30, 1921, to promote and administer transportation- related activities within the Port District, an area of about 1,500 square miles in both states, centered on the Statue of Liberty. Since 1950, employment opportunities in the bi-state Port District, particularly within the older central cities, have declined. As a result, available land and other resources in the region have been underutilized, the tax base has eroded, and the rate of unemployment has been substantially higher than the national average. In 1978, in recognition of the loss of manufacturing jobs and plants in the Port District and the negative impact of that loss on the region’s economy, the Port Authority was authorized by the states of New York and New Jersey to expand its traditional transportation-related activities. It undertook a regional development program that included the construction and operation of industrial parks and other economic development projects in the inner cities of the Port District. The intent of the program was to create and/or retain jobs, stimulate private investment, stabilize or improve the tax base, and create momentum for economic development near the projects. Over the years, the Port Authority has developed and/or funded several industrial and economic development projects. During our audit the following projects were in operation: ! Essex County Resource Recovery Facility New Jersey’s largest waste-to-energy plant, this privately-operated facility opened in 1990 to serve the solid waste disposal needs of the 22 municipalities in Essex County, NJ. The Port Authority financed its construction and continues to oversee negotiations for the sale of energy and materials recovered in its operations. ! Bathgate Industrial Park A 21.5-acre facility in the Bronx,
Recommended publications
  • Annual Rept3/14

    Annual Rept3/14

    2001 Comprehensive Annual Financial Report For the Year Ended December 31, 2001 INTRODUCTORY SECTION 2 In Memoriam 4Mission Statement 5 Letter of Transmittal to the Governors 6 Board of Commissioners 8Organization Chart/Officers and Directors 9 Letter from the Executive Director 10 2001 Overview 20 Letter of Transmittal T ABLE OF CONTENTS 1 FINANCIAL SECTION STATISTICAL SECTION 29 Report of Independent Auditors 63 Port Authority Facility Traffic General Purpose Financial Statements 64 The New York-New Jersey Metropolitan Region 30 Combined Statements of Income 65 Port Authority Facilities and Services 31 Combined Statements of Financial Position 32 Combined Statements of Cash Flows 34 Notes to Combined Financial Statements 58 Schedule A – Revenues and Reserves (Pursuant to Port Authority bond resolutions) 59 Schedule B – Assets and Liabilities (Pursuant to Port Authority bond resolutions) 60 Schedule C – Analysis of Reserve Funds (Pursuant to Port Authority bond resolutions) 61 Schedule D – Selected Statistical Financial Data 62 Schedule E – Information on Port Authority Operations JOSEPH AMATUCCIO MAURICE V. MARGARET L. BARRY BENSON CLINTON FRANK A. DAVIS DE MARTINI We have seen the state of our Union in the endurance of rescuers, working past exhaustion. We have seen the unfurling of flags, the lighting THOMAS E. JOSEPH F. of candles, the giving of blood, the saying of GORMAN GRILLO “prayers – in English, Hebrew, and Arabic. We have seen the decency of a loving and giving people who have made the grief of strangers 2 MARY S. PAUL W. JONES JURGENS 3 their own.... ...We'll go back to our lives and routines, and that JOHN D.
  • Cooperbaschdissertation.Pdf

    Cooperbaschdissertation.Pdf

    THE EVOLUTION OF VICTORIA FOUNDATION FROM 1924 TO 2003 WITH A SPECIAL FOCUS ON THE NEWARK YEARS FROM 1964 TO 2003 by IRENE COOPER-BASCH A Dissertation submitted to the Graduate School-Newark Rutgers, The State University of New Jersey & New Jersey Institute of Technology in partial fulfillment of the requirements for the degree of Doctor of Philosophy Joint Graduate Program in Urban Systems-Education Policy Written under the direction of Dr. Alan R. Sadovnik, Rutgers University Chair and approved by _____________________________________________ Dr. Alan R. Sadovnik, Rutgers University _____________________________________________ Dr. Gabrielle Esperdy, New Jersey Institute of Technology _____________________________________________ Dr. Clement A. Price, Rutgers University _____________________________________________ Dr. Christopher J. Daggett, Geraldine R. Dodge Foundation, Morristown, NJ Newark, New Jersey May, 2014 © 2014 Irene Cooper-Basch ALL RIGHTS RESERVED ABSTRACT OF THE DISSERTATION The Evolution of Victoria Foundation From 1924 to 2003 With a Special Focus on the Newark Years From 1964 to 2003 By IRENE COOPER-BASCH Dissertation Director: Professor Alan Sadovnik This dissertation examines the history of Victoria Foundation from its inception in 1924 through 2003, with a special emphasis on its place-based urban grantmaking in Newark, New Jersey from 1964 through 2003. Insights into Victoria’s role and impact in Newark, particularly those connected to its extensive preK-12 education grantmaking, were gleaned through an analyses of the evolution of Newark, the history of education in Newark, and the history of foundations in America. Several themes emerged from the research, an examination of the archives, and 28 oral history interviews including: charity vs. philanthropy, risk-taking, scattershot grantmaking, self-reflection, issues of race, and evaluation.
  • 2007 Budgetbudget the PORT AUTHORITY of NEW YORK and NEW JERSEY (Including Its Wholly-Owned Corporate Entities)

    2007 Budgetbudget the PORT AUTHORITY of NEW YORK and NEW JERSEY (Including Its Wholly-Owned Corporate Entities)

    20072007 BudgetBudget THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY (Including its wholly-owned Corporate Entities) 2007 BUDGET C O N T E N T S Page Budget: Transmittal Letter 2 Summary of 2007 Budget 3 2007 Summary of Sources and Uses Chart 4 2007 Budget 5 Sources: Summary 7 Gross Operating Revenues by Facility 8 Uses: Summary 10 Operating and Maintenance Expenses by Facility 11 General Administrative Expenses 12 Development Expenses 13 Capital Expenditures by Facility 14 Schedule of Net Assets: Comparison Schedule of Net Assets 16 Information on PA Operations by Facility - 2007 Budget and 2006 Estimate 17 Revenues and Reserves 18 Assets and Liabilities 19 Activity Highlights 21 December 14, 2006 To the People of New York and New Jersey: The Port Authority’s $5.7 billion 2007 budget is an austere spending plan that holds the line on operating expenses and administrative costs, while investing heavily in operating and capital security programs and in the rebuilding at the World Trade Center site. A preliminary version of this spending plan was released to the public on November 30, 2006 for public comment before its adoption. The budget invests a record $679 million in security initiatives at Port Authority facilities. It also contains record investment in the region’s transportation infrastructure with a $2.5 billion Capital Plan, the largest single-year investment in the agency’s history. In addition to security, the budget includes funds to rebuild at the World Trade Center site, and additional investments to enhance the region’s world-class transportation system, including construction of Terminal 5 at John F.
  • Reiss Testimony

    Reiss Testimony

    TESTIMONY OF ALAN REISS BEFORE THE NATIONAL COMMISSION ON TERRORIST ATTACKS UPON THE UNITED STATES May 18, 2004 Thank you Chairman Kean, Vice Chairman Hamilton and distinguished members of the Commission for the opportunity to testify before you today. My name is Alan Reiss and I am currently the Deputy Director of Aviation at The Port Authority of New York and New Jersey. Prior to assuming my current position, I was the Director of the agency’s World Trade Department, which operated the World Trade Center. Mr. Chairman, I know that you are familiar with the Port Authority, but for the benefit of the other members of the Commission, The Port Authority of New York and New Jersey operates many of the busiest and most important transportation links in the New York- New Jersey region. Most important to the Commission’s work, the Port Authority built and operated the World Trade Center and continues to own the 16-acre World Trade Center site in Lower Manhattan. September 11th was without a doubt the worst day in the long history of The Port Authority of New York & New Jersey and one of the worst in the history of the United States. This was a profound personal loss for us at the Port Authority. The World Trade Center was our headquarters and 84 members of the Port Authority family died that day; 16 of them civilian building management staff who reported to me and responded to their emergency posts that day. We grieve their loss, and our hearts continue to go out to their families, and to the families of all the victims who died that day.
  • NOTICE of REGULAR MEETING of DIRECTORS of NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION September 30, 2020

    NOTICE of REGULAR MEETING of DIRECTORS of NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION September 30, 2020

    NOTICE OF REGULAR MEETING OF DIRECTORS OF NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION September 30, 2020 A regular meeting of the Board of Directors of New York City Economic Development Corporation (“NYCEDC”) will be held telephonically on Wednesday, September 30, 2020. The meeting will begin at 8:30 a.m. The agenda for the meeting is as follows: I. Approval of Minutes of the August 12, 2020 Regular Meeting of the Board of Directors II. Report of NYCEDC’s President III. Performance Measurement Report IV. Financial Report Pursuant to Section 2800 of the Public Authorities Law V. Annual Investment Report VI. Tenant Relief VII. Long Term Ground Sublease to Steiner Sequel LLC VIII. Bathgate Industrial Park: New Master Lease with the City and Assignment of Perrigo Lease Agreement IX. Such other business as may properly come before the meeting Mark Silversmith Assistant Secretary Brooklyn, New York Dated: September 18, 2020 Please note that if you wish to attend the meeting and be able to speak at the meeting you must dial (866) 868-1282 and use participant code 6045129. LDCMT-26-11631 REGULAR MEETING OF DIRECTORS OF NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION September 30, 2020 Table of Contents I. Definitions ................................................................................................................................1 II. Minutes of the August 12, 2020 Regular Meeting of the Board of Directors .............................. 2 III. Contracts and Other Matters • Report of NYCEDC’s President ..........................................................................................3
  • Community Board 5 Section 197-A Plan Phase 1 Summary Report

    Community Board 5 Section 197-A Plan Phase 1 Summary Report

    Bronx Community Board #5 Morris Heights / University Heights / South Fordham /Mount Hope Section 197-a Plan Phase 1 Report Community Board 5 Section 197-a Plan Phase 1 Summary Report Prepared by: EMW Planning & Architecture 14 Spring Street Hastings-on-Hudson, New York 10706 June, 2002 - 1 - Bronx Community Board #5 Morris Heights / University Heights / South Fordham /Mount Hope Section 197-a Plan Phase 1 Report PHASE 1 SUMMARY REPORT TABLE OF CONTENTS PAGE CHAPTER I – SECTION 197-A SCOPE OF WORK 1 1. Planning Background 1 2. Building on the Present 2 3. Data Collection and Analysis 5 4. Community Vision 6 5. Issues Confronting the CB5 Resident Population 6 6. Harlem River Waterfront 8 7. Commercial Revitalization and Development 9 8. Gateways into the Community 14 9. Transportation 14 10. Community Board Boundaries 15 11. Grand Concourse 15 12. Environmental Objectives 17 13. Fair Share 18 14. Next Steps 18 CHAPTER II – EXISTING CONDITIONS 19 1. BACKGROUND 19 2. SOCIOECONOMIC BACKGROUND 20 3. LAND USE AND ZONING 26 4. TRANSPORTATION 29 5. RECREATION AND OPEN SPACE 30 6. Social Services 30 - 1 - Bronx Community Board #5 Morris Heights / University Heights / South Fordham /Mount Hope Section 197-a Plan Phase 1 Report PAGE CHAPTER III – NEEDS ASSESSSMENT 32 CHAPTER IV – BIBLIOGRAPHY 40 CHAPTER V – BUDGET 43 CHAPTER VI – POTENTIAL FUNDING SOURCES 44 Appendices (Available at CB #5 office) APPENDIX A: SELECTED FACILITIES AND PROGRAM SITES IN NYC: THE BRONX APPENDIX B: BRONX CB #5 DEMOGRAPHIC PROFILE APPENDIX C: ZONING MAPS APPENDIX D: SELECTED EXCERPTS FROM THE BRONX: AN ECONOMIC REVIEW BY NYS COMPTROLLER H.
  • MINUTES of the MEETING of the REAL ESTATE and FINANCE COMMITTEE of NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION September 15, 2020

    MINUTES of the MEETING of the REAL ESTATE and FINANCE COMMITTEE of NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION September 15, 2020

    MINUTES OF THE MEETING OF THE REAL ESTATE AND FINANCE COMMITTEE OF NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION September 15, 2020 A meeting of the Real Estate and Finance Committee (the “Committee”) of the Board of Directors (the “Board”) of New York City Economic Development Corporation (“NYCEDC”) was held telephonically on Tuesday, September 15, 2020. The following members of the Committee were present telephonically: William Candelaria Mitch Draizin James McSpiritt Patrick J. O’Sullivan, Jr. Mark Russo Betty Woo Members of NYCEDC staff also were present. The meeting was chaired by Mr. O’Sullivan and called to order at 2:03 p.m. Meredith Jones, an Executive Vice President, General Counsel and Secretary of NYCEDC, served as secretary of the duly constituted meeting, at which a quorum was present. 1. Approval of the Minutes of the July 28, 2020 Committee Meeting It was moved that the minutes of the July 28, 2020 meeting of the Committee be approved, as submitted. Such a motion was seconded and unanimously approved. 2. Tenant Relief Julie Stein, a Senior Vice President of NYCEDC, presented a proposal (i) to amend a previousDRAFT Board authorization in order to provide authorization for NYCEDC to provide up to 9 months (instead of the previously authorized 6 months) of relief to tenants, subtenants, permittees and other occupants of property owned or leased by NYCEDC that have been adversely impacted by COVID-19, and (ii) to authorize NYCEDC to provide to entities and persons that have a charter or lease of NYCEDC- owned vessels from NYCEDC that have experienced hardship related to COVID-19 the same kinds of relief as NYCEDC is authorized to provide with regard to other property LDCMT-26-11640 owned or leased by NYCEDC, on substantially the terms set forth in Exhibit A hereto.
  • Joseph Patella, Esq. ANDREWS KURTH LLP 450 Lexington Avenue, 15Th Floor, New York, New York 10017 Tel: 609.716.6500 Fax: 609.799.7000

    Joseph Patella, Esq. ANDREWS KURTH LLP 450 Lexington Avenue, 15Th Floor, New York, New York 10017 Tel: 609.716.6500 Fax: 609.799.7000

    Joseph Patella, Esq. ANDREWS KURTH LLP 450 Lexington Avenue, 15th Floor, New York, New York 10017 Tel: 609.716.6500 Fax: 609.799.7000 Thomas E. Starnes, Esq. Charles M. Crout, Esq. ANDREWS KURTH LLP 1350 I Street NW Suite 1100 Washington, DC 20005 Tel: 202.662.2700 Fax: 202.662.2739 NEW JERSEY DEPARTMENT OF ENVIRONMENTAL PROTECTION, THE COMMISSIONER OF THE NEW JERSEY ENVIRONMENTAL PROTECTION AGENCY, and THE ADMINISTRATOR OF THE NEW JERSEY SPILL COMPENSATION FUND, Plaintiffs, vs. SUPERIOR COURT OF NEW JERSEY OCCIDENTAL CHEMICAL CORPORATION, TIERRA SOLUTIONS, INC., MAXUS ENERGY LAW DIVISION - ESSEX COUNTY CORPORATION, REPSOL YPF, S.A, YPF, S.A, DOCKET NO. L-009868-05 YPF HOLDINGS, INC. and CLH HOLDINGS, Defendants, MAXUS ENERGY CORPORATION and TIERRA SOLUTIONS, INC., Third-Party Plaintiffs, vs. 3M COMPANY, AC.C., INC., ACH FOOD COMPANIES, INC., ACTIVE OIL SERVICE, ADCO CHEMICAL COMPANY, AGC CHEMICALS AMERICAS, INC., WAS:144301.l ALDEN-LEEDS, INC., ALLIANCE CHEMICAL, INC., ALUM AX MILL PRODUCTS, INC., AMCOL REALTY CO., AMERICAN INKS AND COATINGS CORPORATION, APEXICAL, INC., APOLAN INTERNATIONAL, INC., ARKEMA, INC., ASHLAND INC., ASHLAND INTERNATIONAL HOLDINGS, INC., ASSOCIATED AUTO BODY & TRUCKS, INC., ATLAS REFINERY, INC., AUTOMATIC ELECTRO-PLATING CORP., AKZO NOBEL COATINGS, INC., BASF CATALYSTS LLC, BASF CONSTRUCTION CHEMICALS INC., BASF CORPORATION, BAYER CORPORATION, BEAZER EAST, INC., BELLEVILLE INDUSTRIAL CENTER, BENJAMIN MOORE & COMPANY, BEROL CORPORATION, B-LINE TRUCKING, INC., BORDEN & REMINGTON CORP., C.S. OSBORNE & CO., CAMPBELL
  • 2014 Annual Report a Clear Path Forward

    2014 Annual Report a Clear Path Forward

    Front Cover 2014 ANNUAL REPORT A clear path forward Comprehensive Annual Financial Report for the Year Ended December 31, 2014 remove this page for final printng - different paper stock Mission Mission Meet the critical transportation infrastructure needs of the bistate region’s people, businesses, and visitors by providing the highest-quality and most-efficient transportation and port commerce facilities and services to move people and goods within the region, provide access to the nation and the world, and promote the region’s economic development. 2 PORT AUTHORITY OF NEW YORK & NEW JERSEY Table of Contents INTRODUCTORY SECTION INTRODUCTORY SECTION 2 Select Facilities 3 Chairman’s Letter of Transmittal to the Governors 4 Board of Commissioners 4 Leadership of the Port Authority 5 Governance Initiatives 6 Officers and Executive Management 7 Letter from the Executive Director 9 The Port District 11 A Clear Path Forward FINAnciAL sectionI 46 Chief Financial Officer’s Letter of Transmittal to the Board of CommissionersTORY SECTIO 49 Index to Financial Section corPorAte inforMAtionINTRODUCTORY SECTION 115 Selected Statistical, Demographic, and Economic Data 116 Top 20 Salaried Staff as of December 31, 2014 The Port Authority of New York and New Jersey Comprehensive Annual Financial Report for the Year Ended December 31, 2014 Prepared by the Marketing and Comptroller’s departments of The Port Authority of New York and New Jersey 4 World Trade Center, 150 Greenwich Street, 23rd Floor, New York, NY 10007 www.panynj.gov A CLEAR PATH FORWARD 1 Select Facilities Select Facilities The Port Authority of New York and New Jersey’s facilities include America’s busiest airport system, the Port of New York and New Jersey, the PATH rail transit system, six tunnels and bridges connecting New York and New Jersey, and the Port Authority Bus Terminal in Manhattan.
  • Procurement Department Attn: Bid/Proposal Custodian

    Procurement Department Attn: Bid/Proposal Custodian

    PROCUREMENT DEPARTMENT ATTN: BID/PROPOSAL CUSTODIAN 2 MONTGOMERY STREET 3RD FLOOR JERSEY CITY, NJ 07302 REQUEST FOR PROPOSALS (RFP) TITLE: DEVELOPMENT & MAINTENANCE OF AN AVIATION FACILITIES MAPPING SYSTEM (FMS) NUMBER: 29362 RESPONSE DUE DATE: Monday March 11, 2013 TIME: 2:00 PM QUESTION DUE DATE: Wednesday February 20, 2013 TIME: 3:00 PM BUYERS NAMES: ISABEL AMADO PHONE#: (201) 395‐3435 EMAIL: [email protected] STACEY WILLNER PHONE#: (201) 395‐3343 EMAIL: [email protected] SUBJECT: REQUEST FOR PROPOSALS FOR PERFORMANCE OF EXPERT PROFESSIONAL SERVICES - DEVELOPMENT AND MAINTENANCE OF AN AVIATION FACILITIES MAPPING SYSTEM (RFP #29362) The Port Authority of New York and New Jersey (hereinafter referred to as the “Authority”) is seeking Proposals in response to this Request for Proposals (RFP) for performance of expert professional services as required to design, develop, and maintain a Facilities Mapping System (FMS) comprised of subsurface utility and surface assets for John F. Kennedy International Airport (JFK), LaGuardia Airport (LGA), Newark Liberty International Airport (EWR), Stewart International Airport (SWF), and Teterboro Airport (TEB), and to include ongoing source document data entry. Work shall also include tasks related to the migration of the existing Utility Management System (UMS), as more fully described herein, to the FMS as well as ongoing field services and UMS document data entry until cutover to the FMS. The selected Proposer shall enter into an agreement with the Authority for two (2) years, with two (2), one (1) year renewal options, at the Authority’s discretion. The scope of the tasks to be performed by the Consultant are set forth in Attachment A (including Appendices thereto) to the Authority’s Standard Agreement (the “Agreement”), included herewith.
  • Major Projects ($ in Millions )

    Major Projects ($ in Millions )

    NY Works: Overview of the Preliminary Port Authority 10-Year Capital Plan and Current Reform Initiatives June 2012 Backdrop . The Great Recession and unacceptable levels of unemployment in the region . New York Building Congress 1st Qtr Report on Construction Employment states that employment in the NYC construction industry fell to its lowest level since 1999 . Construction employment was down 3% from the 1st Qtr of 2011 in NYC . Billions of dollars of infrastructure investment required in the State and region . Port Authority doesn’t itself have resources to make all required investment so private capital must be explored and priorities selected . Port Authority a solid credit but is significantly more leveraged than 10 years ago. Ratings: S&P: AA- (Stable), Moody’s: Aa2 (Negative), Fitch: AA- (Stable) . Tolls have increased significantly in excess of CPI and growth in Median Family Income over last 10 years . Burden on Stated Island commuters . Direction from Governor Cuomo to Reform, Rationalize, and Repair . State Level Reform: Design/Build (December 2011); TIF Reform (April 2012); NY Works (April 2012) 2 Backdrop: Toll and Fare Growth in Excess of CPI Tolls & fares have reached a ceiling in this low-growth economic environment Tolls & fares have grown at a rate in excess of CPI and Median Household Income PANYNJ Tolls vs. CPI PANYNJ Annual Tolls as % of Median $14 Household Income $12 4.0% $10 3.5% $8 3.0% $6 2.5% $4 2.0% $2 1.5% $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 1.0% 0.5% Cash Toll 0.0% E-ZPass Peak Toll [Roundtrip] 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2001 EZ Pass Toll escalated with CPI PA toll increases during the past decade have Tolls for PA daily commuters have increased by 50% outpaced inflation significantly as a percentage of median household income 3 Backdrop: High Debt Load .

  • Statement of Qualifications BJH Advisors About BJH Advisors

    Statement of Qualifications BJH Advisors About BJH Advisors BJH Advisors, LLC (BJH) is a real estate advisory and planning firm, with expertise in real estate development, urban planning, project management, finance, tax policy, market analytics, and Federal/State/City incentives. BJH works with both public sector and private clients to analyze and structure real estate development opportunities; undertake financial feasibility, market and zoning analysis; and help determine if policy goals require programmatic action. BJH is a woman and minority-owned enterprise (M/ WBE), certified in New York State and by the Port Authority of NY and NJ. Real Estate and Urban Planning BJH advises government agencies, public policy groups and trade organizations, and private sector entities on a wide variety of planning, policy and economic development issues. Development Advisory BJH works with developers, non-profits, and operating businesses to shape projects, identify solutions to space usage challenges, secure incentives, and optimize the value of assets. Development BJH’s principals invest in real estate development projects in the New York City metropolitan area that help transform communities and obtain superior risk-adjusted returns. Projects are undertaken through BJH Developers LLC and other entities. Brokerage BJH Brokerage Services LLC is a full-service boutique brokerage firm, with expertise in the commercial and industrial sectors, as well as land assemblage and transferable development rights (TDRs). BJH is a member of REBNY. 2 BJH Advisors BJH Clients Businesses and Firms Not-For-Profits Public Sector 25 Park Place LLC Association of Neighborhood & Housing Dev. Agence Metropolitaine de Transport Montreal Adam’s European Contracting Bloomberg Associates Brooklyn Navy Yard Development Corp.