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Coronavirus caused the worst financial losses at the Port Authority since World War II

from Mass Transit

The big bi-state agency that runs the region's airports, bridges, tunnels and a transit line between New York and New Jersey is possibly in the worst financial shape in its 99-year history. Revenues at the mighty Port Authority of New York and New Jersey was kneecapped for the first half of 2020 by the coronavirus pandemic, recording a $777 million revenue loss during the first six months of the year when compared to the same period in 2019, said Elizabeth McCarthy, agency chief financial officer. more


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