Article: PORT AUTHORITY, NEW YORK CITY SIGN LEASE EXTENSIONS FOR MARITIME TERMINALS IN STATEN ISLAND, BROOKLYN

NEW YORK, Oct. 15 -- The New York City Economic Development Corporation issued the following press release:

To prepare for future growth in New York's maritime cargo and passenger ship industries, the Port Authority and New York City today signed long-term agreements that will allow for the continuous operation of two major port facilities - the Howland Hook Marine Terminal on Staten Island and the Brooklyn Cruise Terminal in Brooklyn. The agreement also will allow for a proposed warehouse distribution center at Pier 11 in Red Hook, Brooklyn.

Under one agreement, New York City will extend the Port Authority's lease for the 202-acre Howland Hook facility through June 30, 2058. The extension ...

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