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Old Posted Sep 7, 2020, 1:21 PM
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Taking this from the bus terminal thread to discuss the proposed skyscrapers. It may or may not happen, but it's a proposal anyway.



https://nypost.com/2020/09/06/propos...l-underground/

Proposal could put the Port Authority Bus Terminal underground





By Steve Cuozzo
September 6, 2020


Quote:
It’s a bury good way to get rid of the city’s most hated transit hub.

Many of the 250,000 commuters who use the Port Authority Bus Terminal on Eighth Avenue daily would love to see the ugly, inefficient facility disappear. An audacious replacement proposal submitted by a major engineering and design firm would give them their wish by moving it underground.

But the public never heard about it — until now.
Quote:
The PA wants to replace the obsolete, overcrowded terminal, which former agency executive director Pat Foye gently calls “functionally obsolete.” Comic John Oliver more colorfully termed it “the single worst place on planet earth.”

The PA is considering three alternatives for either modernizing the terminal and putting an office tower on top of it, or partly moving it into the remote Javits Convention Center.

Now, The Post has exclusively obtained images of a plan by global infrastructure giant AECOM and architectural firm STV to bury the terminal underground in a “soaring public space” renamed Hudson Terminal Market with stores, cafes and connections to the No. 7 and Eighth Avenue subway lines.

A grand, glass roof would bring in sunlight. New tunnels near the Lincoln Tunnel entrance would bring buses directly into the subterranean terminal and eliminate the ugly tangle of overhead ramps. The block of West 41st Street between Eighth and Ninth avenues, which the terminal straddles, would be closed to create a “superblock” bounded by the avenues and by West 40th and 42nd streets for a landscaped public park and new office or apartment towers.
Quote:
AECOM submitted its vision to the PA in 2019. The money-hemorrhaging agency nixed it for the other scenarios because they’d each cost an estimated $10 billion compared with $15 billion for the sunken-terminal plan.

But some analysts say AECOM’s plan could now become much cheaper thanks to a Trump administration initiative to stimulate new development.

Proponents say the project could be financed at little or no cost to the PA by tapping near-zero-interest federal loans to spur development as part of recovery from the COVID-19 crisis.

Insiders said AECOM’s task force for the terminal project was led by former PA executive director Christopher Ward, who was the design company’s New York-area CEO until he left the firm in 2018. Ward, who was at the PA from 2008-2011, rescued the agency’s stalled World Trade Center redevelopment project and was credited with breaking a stubborn logjam.

The terminal plan involves what real-estate professionals call “a million moving parts.” Among other things, it would require a city-state development agency to mastermind the project for the PA.

A “big box” to contain the new bus terminal and passenger amenities would first be built beneath the current terminal. It would be installed before the above-ground building is demolished.

The city, which owns the land, and the PA could profit down the line by selling air rights to developers who would build on parts of the superblock to be determined. The site is zoned for about six million square feet of development without needing public review.

New towers there would effectively extend the Times Square district west beyond its current boundary of Eighth Avenue.

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Old Posted Sep 7, 2020, 1:25 PM
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Not really a new plan...we've seen this model before.






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Old Posted Sep 7, 2020, 1:38 PM
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The terminal, in its current location, will eventually have to go. It either has to be completely buried or moved over by Javits.
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Old Posted Sep 7, 2020, 1:49 PM
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This particular idea is something I was talking about for site 2 of the Empire Station redevelopment, where there are two large towers planned around and over an open plaza. I think that space needs to be more than just an open plaza, Something with a glass skylight to the station below would be nice. If something like this were built on the current PA terminal site, it would be a HUGE improvement, and would go a long way toward connecting the Hudson Yards area with the extended Midtown area of Times Square. Not to mention eliminating the ugly ramps to the terminal.









https://www.6sqft.com/port-authority...-bus-terminal/
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Last edited by NYguy; Sep 7, 2020 at 2:04 PM.
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Old Posted Sep 7, 2020, 2:29 PM
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This sounds and looks insanely expensive. Whatever the projected cost is, double it with the PA running things.

Quote:
The PA wants to replace the obsolete, overcrowded terminal, which former agency executive director Pat Foye gently calls “functionally obsolete.” Comic John Oliver more colorfully termed it “the single worst place on planet earth.”


It's like Dawn of the Dead there, very true.

Lots of potential for this site, I just hope its managed right if something does come to fruition.
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Old Posted Sep 7, 2020, 2:42 PM
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Originally Posted by chris08876 View Post
This sounds and looks insanely expensive. Whatever the projected cost is, double it with the PA running things.

All of those plans are expensive, but this was the most expensive. The only reason it's come up now is because of the current crisis. But whatever version of the new terminal takes shape, don't expect everyone to be happy. There will be a chorus of "why?".


Quote:
The money-hemorrhaging agency nixed it for the other scenarios because they’d each cost an estimated $10 billion compared with $15 billion for the sunken-terminal plan.

Proponents say the project could be financed at little or no cost to the PA by tapping near-zero-interest federal loans to spur development as part of recovery from the COVID-19 crisis.



Video Link
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Old Posted Sep 7, 2020, 5:56 PM
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Another image of the project.

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Old Posted Sep 8, 2020, 5:23 PM
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^ A unified Midtown.
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Old Posted Oct 12, 2020, 5:47 PM
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https://therealdeal.com/2020/10/12/p...-land-to-sell/

Port Authority, out $3B, has waterfront land to sell
Agency’s revenue crushed by Covid as it pursued projects costing billions


TRD New York
October 12, 2020


Quote:
...The executive director also discussed office leasing at the World Trade Center (“The big picture is it’s going extraordinarily well”) and rebuilding the Port Authority Bus Terminal (“We will publish our new proposal well before the end of the year”).

The bus terminal, on Eighth Avenue and West 42nd Street, will involve a revenue-generating private component to help cover the cost, which could exceed $10 billion. “Infrastructure is expensive,” Cotton said. “But we need to get on with it.”
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“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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