July 22, 2014 6:01 AM ET

Commercial Services and Supplies

Company Overview of Port Authority of New York and New Jersey, New York

Company Overview

Port Authority of New York and New Jersey, New York is a government institution and operates marine ports in New York and New Jersey region. The company was formerly known as The Port of New York Authority and changed its name to Port Authority of New York and New Jersey, New York in January 1972. The company was founded in 1921 and is based in New York, New York.

225 Park Avenue South

New York, NY 10003-1604

United States

Founded in 1921

Phone:

212-435-7000

Fax:

212-435-4660

Key Executives for Port Authority of New York and New Jersey, New York

Director of Public Safety
Member of Board of Commissioners
Executive Director
Age: 57
Deputy Executive Director
Compensation as of Fiscal Year 2014.

Port Authority of New York and New Jersey, New York Key Developments

Port Authority of New York and New Jersey Announces Board Changes

Port Authority of New York and New Jersey announced that Philippe Danielides, who was senior adviser to the former chairman, David Samson, has stepped down from his $176,410 post. The second aide, Gretchen DiMarco, a special assistant to former Deputy Executive Director Bill Baroni, resigned from her $75,010 job.

Jersey City Sues Port Authority

Jersey City filed a $400 million lawsuit against the Port Authority of New York and New Jersey on May 22, 2014, claiming the agency owes back taxes on the dozens of properties that it owns throughout the city. The city also intends to pursue legal action to block the Port Authority's planned $118 million waste transfer station at Greenville Yards on the city's southern end. The bistate agency owns and operates 40 properties -- including the three major area airports, toll bridges and tunnels into Manhattan, the PATH rail system and the ports of New York and New Jersey as well as the World Trade Center site -- but pays "no real estate taxes on any of them. If the Port Authority paid traditional taxes, Jersey City would gain $18 million annually. The city cited the Journal Square transportation hub as an example of where it loses money because of what it called outdated agreements. The Port Authority pays almost $90,000 annually in tax payments for the 9.3-acre property, which the city estimates would generate $9.6 million in traditional taxes.

David Samson Resigns as Chairman of Port Authority of New York and New Jersey

New Jersey Gov. Chris Christie announced the resignation of David Samson, chairman of the Port Authority of New York and New Jersey.

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Date
Target
Merger/Acquisition
December 4, 2013
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