The Port Authority's future is in doubt if it continues to operate the way it has in the past.
According to a NJ.com story, the 93-year-old authority's continued use of money for pet projects in both New York and New Jersey is endangering its financial well-being.
The story cites a report released on April 1 by Mitchell Moss and Hugh O'Neill, for the Rudin Center for Transportation Policy and Management at New York University.
“The critical problem facing the Port Authority today is not mismanagement, political abuse or rivalry between New York and New Jersey,” Moss and O’Neill wrote. “The fundamental challenge is that the business model under which the Authority has operated for the past thirty years is no longer sustainable.”
The authority manages the Atlantic City International Airport, along with JFK, LaGuardia, Stewart and Newark airports.