Public documents that mention Elizabeth M. McCarthy.
Apr 23, 2026·Board meeting
Port Authority of New York and New Jersey Committee on Finance Committee Meeting
The committee reviewed the first-quarter financial results, highlighting significant revenue influences such as a one-time retroactive payment for the World Trade Center Tower 2 site lease and cost recoveries related to severe winter weather impacts. The discussion encompassed operational performance across airports, ports, bridges, tunnels, and the PATH system, noting the recovery of ridership and volumes despite adverse weather conditions. Furthermore, the committee evaluated gross operating revenues, operating expenses including healthcare and security costs, cash flow position, and the recent issuance of consolidated bonds to support the capital program.
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Port Authority Of New York And New Jersey Public Board Meeting
The board meeting covered several significant items. It began with a moment of silence in memory of victims of past terrorist attacks and a deceased PATH engineer. The board presented a service excellence award and a flag of appreciation to a departing commissioner. Key operational reports included updates on airport passenger statistics, cargo volumes at the port, and ridership on the PATH system, noting the impact of recent severe winter weather. The Executive Director discussed proactive security deployments, the impact of a federal partial shutdown on airport security wait times, and upcoming PATH service improvements. Additionally, preparations for the World Cup and the 250th anniversary celebration of Independence Day in the harbor were highlighted. Finally, the board announced that American Express will build a new headquarters at 2 World Trade Center, marking the completion of the commercial office buildings at that campus.
Mar 19, 2026·Board meeting
Port Authority Of New York And New Jersey Committee On Finance Committee Meeting
The meeting included a presentation of the 2025 year-end financial results, noting solid performance with net operating revenues reaching nearly $2.9 billion, a 7.2% increase over the previous year. Key metrics discussed included net revenues available for debt service, bridge and tunnel traffic volumes, aviation passenger activity, PATH ridership trends, and port container volumes. The committee reviewed financial drivers such as CPI-based toll and fare adjustments, rent escalations, and operating expense increases related to employee compensation, health costs, and security measures. Additionally, the committee received an update on cash position, liquidity, and the reduction of outstanding bonds.
Nov 14, 2025·Board meeting
Port Authority Of The New York And New Jersey Board Meeting
The meeting featured a presentation on the Port Authority's 10-year capital plan (2026-2035) and a retrospective review of the previous decade's capital projects. Key discussion topics included the transformation and modernization of the regional airport system, specifically JFK, LaGuardia, and Newark Liberty International airports. The Board reviewed major infrastructure projects, including terminal developments, roadway overhauls, the Midtown bus terminal replacement, and PATH system upgrades. Financial stability and the self-sustaining funding model of the Authority were emphasized, alongside the importance of these capital investments for regional economic growth and job creation. The executive team proposed the posting of the new 10-year capital plan for public comment.
