Port Authority Spends Big on Non-Agency Projects: Report

The funding is part of a regional bank program controlled by the Port Authority and the offices of New York and New Jersey governors

Saturday, Jul 12, 2014  |  Updated 5:20 PM EDT
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Port Authority Spends Big on Non-Agency Projects: Report

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More than $1 billion in Port Authority spending since the 1980s has gone to non-transportation projects such as funding a variety of nonprofits, according to internal documents obtained by The Bergen Record.

The funding is part of a regional bank program controlled by the Port Authority and the offices of New York and New Jersey governors.

Some of the beneficiaries of the funding have little to do with transportation infrastructure--such as Jazz at Lincoln Center and a new school building in Hoboken—and while supporters say the funds help spur economic development in the region, critics say they should be used for much-needed upgrades of the Port Authority’s own transportation facilities.

READ THE BERGEN RECORD’S FULL REPORT

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