By: Aaron Ginsburg, Bob Dylan
The Port Authority of New York and New Jersey secured a major loan from the federal government for its Midtown bus terminal replacement project this week, just days before President-elect Donald Trump takes office. The agency will receive $1.9 billion from the U.S. Department of Transportation to fund the first phase of the $10 billion project. The Port Authority has scrambled to get the necessary federal approvals before Trump’s inauguration, fearing he would halt the project.