Port Authority Announces Design Competition to Replace Hated Bus Terminal to the Tune of $10B

Posted On Fri, October 23, 2015 By

Posted On Fri, October 23, 2015 By In Major Developments, Midtown West

The chance to reimagine one of the most loathed buildings in Manhattan certainly must be appealing to designers, so it’s likely the Port Authority will receive a lot of submissions for their newly announced international competition to replace the current bus terminal. Crain’s reports that “The operator of the nation’s busiest bus terminal approved a plan Thursday to move ahead toward replacing the overcrowded, dilapidated 65-year-old facility, with a goal of deciding on a final design by [September 2016].” It’s expected that the project will cost between $7 and $10 billion and take several years to complete.

The new terminal will be located one block west of the current bus station. By selling the air rights at the existing site, 625 Eighth Avenue, the Port Authority hopes it will secure two-thirds of the projected $10 billion. It’s been estimated that there are 2.3 million square feet of air rights there. Designers, however, are permitted to suggest alternate locations for the bus depot, and the agency itself will hire a consultant to study ridership projections and transit patterns.

[Via Crain’s and NYP]

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