A new report from the Citizens Budget Commission suggests that the Port Authority sell its two marine terminals in Brooklyn, both of which are hemorrhaging money, to a housing developer in order to raise cash. The Red Hook Container Terminal and the Brooklyn-Port Authority Marine Terminal "have a long history of running deficits and no prospect of making money in the near future. Greater efficiencies must, therefore, be explored," said CBC president Carol Kellerman. [Crain's; previously]
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