Port Authority Bus Terminal set for $10 billion renovation

MANHATTAN, N.Y. (PIX11) -- Plans to transform the Port Authority Midtown Bus Terminal into a world-class transportation hub are in the works.

New renderings show the outdated 73-year-old structure being replaced with a 2.1-million-square-foot facility featuring an atrium and expanded retail space.

“Our investment over the course of the coming years, and our partnership with the Port Authority, will help develop a new crown jewel for Midtown — a state-of-the-art bus terminal that will add acres of new public space and storefronts, decrease congestion in Hell’s Kitchen, and improve the commuter and community experience in and around the terminal for both New Yorkers and visitors to the greatest city in the world,” said New York City Mayor Eric Adams.

Other new features will:

• Add capacity to allow curbside inter-city buses that currently pick up and drop off on city streets surrounding the bus terminal to move their operations inside the bus terminal and off the streets. 
• Create 3.5 acres of publicly accessible green spaces on Port Authority property by decking over the currently below-grade Dyer Avenue “cut” and building open space on top of the new deck-overs. 
• Add new concessions and retail amenities accessible from the community streets and from inside the bus terminal. 
• A section of 41st Street between 8th and 9th Avenues will be permanently closed to create an atrium entrance.  

The cost estimate is $10 billion, and the agency says the port capital plan will cover most of it. Federal funding and future development with the city could make up the rest.  

In March, officials announced an agreement to contribute 40 years of tax revenue from three new commercial developments toward the bus terminal project.

Construction could begin at the end of 2024 or early 2025.