Results tagged “port”

Under pressure from lawmakers and American Stevedoring, the company that operates the Red Hook container port, the Port Authority declined the City's offer to purchase the waterfront property and instead extended American Stevedoring's lease in Brooklyn for another decade. The container port has been eyed for several years by Mayor Bloomberg and developers, eager to turn the harbor property into condos, shops, marinas, and restaurants. Uncertainty over the port's future has cost American Stevedoring business in the last few years.