The federal transportation department provided a $1.89 billion loan to the Port Authority for the makeover of the Midtown bus terminal.
Rendering shows a north-facing view of the ramp building connected to the proposed bus staging facility at 39th Street and 10th Avenue.that it has loaned the Port Authority of New York and New Jersey $1.89 billion to revamp and modernize the interstatereceived final and complete federal and city approvalThe renovation projects are part of the first phase of the $10 billion plan for a new, 2-million-square-foot space for the 74-year-old bus hub.
“For decades, one of the busiest bus terminals in the world deteriorated and needed major upgrades and modernization,” Assistant Secretary for Transportation Policy Christopher Coes said. “
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