NEW YORK -- At up to $10.5 billion, the projected cost of replacing the Port Authority Bus Terminal in midtown Manhattan was a jolt even to the agency's own board members.
"I think we were all shocked by the number," Port Authority Chairman John Degnan told reporters last Thursday, after agency staffers presented five alternatives for a new terminal complex, ranging from $7.5 billion to $10.5 billion, all of them at or near the current location just outside the Lincoln Tunnel.
But what if the agency could shave billions of dollars off that cost - and generate additional revenues on top of that -- by building the new bus terminal in New Jersey?
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Basically put the new bus terminal next to the rail lines where the proposed Gateway Tunnels will be built