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Article: The Port Authority of New York and New Jersey
- Article from:
- International Directory of Company Histories
CopyrightCOPYRIGHT 2003 Gale, a part of Cengage Learning. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Port Authority of New York and New Jersey
225 Park Avenue South
New York, New York 10003
U.S.A.
Telephone: (212) 435-7000
Web site:
http://www.panynj.gov
State-Owned Company
Incorporated:
1921
Employees:
7,000 (est.)
Sales:
$2.65 billion (2000)
NAIC:
921130 Public Finance Activities
The Port Authority of New York and New Jersey is a self-supporting public corporation that develops and operates trade and transportation facilities in an area of New York and New Jersey that falls within a 25-mile radius of the Statue of Liberty. Receiving no tax dollars, the Port Authority depends on tolls, fee, and rents, providing a consistent revenue stream that allows it to raise vast sums through the ...