New York and New Jersey are moving forward with plans to replace Port Authority Bus Terminal. There are currently three options on the table, according to CurbedNY:
Worth Noting: The plan estimates the project’s cost at $7.5 to $10 billion and transit officials expect the revamp to wrap up by 2030. Port authority will seek federal funding and plans to monetize its real estate holdings in the surrounding neighborhood.
By the numbers: The bus terminal currently operates beyond its capacity during peak hours with an estimated 260,000 passenger trips on weekdays. Politico noted that the terminal is projected to see up to a 50 percent increase by 2040.