About 25% of the funding for the new terminal will come from the new towers.
https://www.globest.com/2024/02/09/p...-bus-terminal/
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The office-tower scheme is designed to provide a big chunk of the financing for the project. The PA is hoping to develop payment-in-lieu-of-taxes agreements with NYC to build two towers of commercial space, providing about $2.5B in funding.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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