Governor Kathy Hochul, New York City Mayor Eric Adams, and the Port Authority of New York and New Jersey have announced an agreement in principle between the City of New York, New York State, the Port Authority, and the New York City Economic Development Corporation that will enable the city to transform the Brooklyn Marine Terminal into a modern maritime port and vibrant mixed-use community hub under a $95 million plan.

The agreement will allow the Port Authority to drive long-term expansion of Howland Hook Marine Terminal, which the Port Authority currently operates on Staten Island. The project to build the 122-acre site stands to potentially help create thousands of jobs for New Yorkers, while generating significant economic impact for New York City.

This plan builds on Governor Hochul’s commitment to unlocking economic potential on New York State land, building strong community anchors, and creating good-paying jobs of the future and is a part of Mayor Adams’ efforts to develop a Harbor of the Future — a multifaceted initiative to reimagine New York City’s waterfront to fuel 21st-century growth and innovation.

Port Authority of New York and New Jersey Executive Director Rick Cotton said, “This agreement is a win-win-win: it benefits the region, the City of New York, and the Port Authority. By strengthening our Howland Hook Marine Terminal through this transaction, we are driving forward one of the fundamental strategic imperatives of the Port Authority, which is the vitality of our ocean-going cargo container supply lines. At the same time, we will enable the City of New York to transform Brooklyn Marine Terminal into a vibrant, mixed-use community asset.”

(Photo courtesy of New York State)