Break up the Port Authority
Feb 05, 2014 | 1330 views | 0 0 comments | 101 101 recommendations | email to a friend | print
Dear Editor:

Breaking up is hard to do, but sometimes necessary.

Consider that on a bipartisan basis members of the Port Authority of New York and New Jersey are appointed by New York and New Jersey governors. For decades, there have been misappropriated funds generated by tolls for non-transit projects, such as the original One World Trade Center and other economic development projects.

All had nothing to do with the PANYNJ basic agency mission. These funds should have been used for maintenance, repair and safety projects for bridges, tunnels, airports and PATH.

The misappropriated funds for non-transit projects added up to billions of dollars. Many of these projects were completed years late and way over budget.

The only solution is to sell off all assets of the PANYNJ to the private sector. No business owner with a multi-billion dollar yearly revenue stream from tolls would not consistently invest those dollars to protect its assets.

Sincerely,

Larry Penner

Great Neck

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