The Port Authority of New York and New Jersey has confirmed that an agreement in principle has been reached between the City of New York, New York State, the Port Authority, and the New York City Economic Development Corporation (NYCEDC) to enable the city to transform the Brooklyn Marine Terminal into a modern maritime port.
The agreement will allow PANYNJ to initiate the long-term expansion of Howland Hook Marine Terminal, which the Port Authority currently operates on Staten Island.
As part of the effort, the city will assume control of the entire marine terminal in Brooklyn, encompassing 122 acres (49 hectares) of waterfront in Red Hook and the Columbia Street Waterfront District, including the existing Brooklyn Cruise Terminal.
By mid-June, NYCEDC will assume responsibility for management and operations of Brooklyn Marine Terminal, while supporting existing tenants, including assuming the recent five-year extension of Red Hook Container Terminal's operating agreement.
A cold storage facility will also be built on-site.
The city will amend its lease of a 225-acre (91-hectare) portion of Staten Island's Howland Hook Marine Terminal to the Port Authority, which currently leases Howland Hook from the city, to give the Port Authority operational control of the site. This will bring the entirety of Howland Hook under Port Authority control, supporting its ability to drive future expansions.