Shipping to be part of Howland Hook waterfront for next half-century

October 17, 2009 at 5:07 pm Leave a comment

The Port Authority has signed a 35-year lease extension with the city for the 202-acre Howland Hook Marine Terminal in Mariners Harbor. The agency also extended its lease for the Brooklyn Cruise Terminal by 20 years, with the option of further lengthening it to 2058.

The extension of the Howland Hook lease to 2058 means the Port Authority can offer to extend its sublease to the New York Container Terminal, which is planning a major port expansion project to add a fourth berth.

“Today’s agreements solidify our commitment to continue a vital maritime operation that will provide jobs and economic activity for the region,” said Port Authority Chairman Anthony R. Coscia. “Although our maritime business has suffered from the economic downturn, our goal is to be well-positioned to meet future cargo demands.”

The extension, which will include the Port Authority’s investment of $110 million for improvements including channel dredging, was first reported in May. It will help expansion plans move ahead, despite the global recession and the decrease in demand for goods.

“The new long-term lease for the Howland Hook Marine Terminal is simply smart planning for Staten Island’s future,” Borough President James P. Molinaro said. “With over 515 full-time jobs and annual revenue of $187 million, this lease provides security to one of the Island’s most important economic engines. The Port Authority of New York and New Jersey is to be commended for this forward-thinking investment.”

The shipping channel around the terminal is slated to be dredged to a depth of 50 feet by 2023, to accommodate the future fleet of larger container ships that will be calling at the port in years to come.

“These extended leases are testimony to the vibrancy of the industrial maritime industry in New York City — an industry that provides high-wage jobs to thousands throughout the five boroughs,” said city Economic Development Corporation President Seth W. Pinsky. 

“Waterborne transportation is the most environmentally efficient means of getting goods and products into and out of the New York region and is an area that the Bloomberg Administration is determined to expand. I would like to take this opportunity to commend Jim Devine for the part he has played in this expansion since he was selected to head New York Container Terminal in 2002.”

STATEN ISLAND ADVANCE

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Entry filed under: Go Coastal, Staten Island, Working Waterfront. Tags: , , , , , , , , , , , , , .

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