The debatable idea is back up for discussion
Could the Red Hook Container Terminal eventually be redeveloped? That's a question that was raised this week, as Port Authority chairman John Degnan revealed that he is open to selling the 80-acre shipyard. During the Crain's 2017 Real Estate Conference, he brought up the idea, noting that, "I know there are political difficulties in the state and city of New York to doing it, but the Port Authority would be enormously benefited."
Local officials, however, aren't so enthralled with the idea; Brooklyn congressman Jerry Nadler has argued that the terminal provides much-needed jobs while also boosting the city and the state environmentally by allowing cargo to land in Red Hook via ship and not by truck.
This is hardly the first time that a sale of the Container Terminal has been proposed: Back in 2011, former Port Authority executive director Chris Ward also proposed developing the terminal, stating that shipping containers have no place in Red Hook. The Citizens Budget Commission has also recommended selling the money-losing terminal, and just last year, AECOM proposed building a enormous megaproject, with more than 45,000 apartments and a subway extension, on the site.
But things are far from set in stone. A Port Authority spokesman told Crain's that the agency is currently preparing a 30-year-master plan that will be released during the first quarter of 2018 and will detail ways to "optimize land utilization... and enhance revenue opportunities." The plan will make recommendations for the best uses of the site, which could potentially involve putting it up for sale.
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