Port Authority officials agree to move forward on new bus terminal in Manhattan

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NEW YORK, NY - AUGUST 21: An entrance to the Port Authority Bus Terminal is viewed on August 21, 2014 in New York City. The Port Authority Bus Terminal, which opened in 1950, is New York City's largest bus depot and has long been derided as dirty and inefficient. Leaking ceilings, unsanitary bathrooms, late buses and a long standing problem with the homeless have added to the terminals reputation. While many commuters and transportation advocates are rallying for a new terminal, the Port Authority of New York and New Jersey has announced that they agency plan to spend up to $260 million on maintenance in the coming years. (Photo by Spencer Platt/Getty Images)

Port Authority officials agreed to move forward on new bus terminal Sept. 20. (Photo by Spencer Platt/Getty Images)

MIDTOWN, Manhattan — Port Authority officials reached an agreement Tuesday to rebuild the 66-year-old Midtown bus terminal.

Officials have pressed for a new terminal for years, citing concerns about the aging bus terminal’s ability to handle 110,000 commuters every work day, but negotiations stalled over the location of the new terminal.

Some New York officials pushed for the new terminal to be built in New Jersey – a plan that would have forced commuters from New Jersey to take a bus to a New Jersey location followed by a train into New York City.

Port Authority is also in the middle of a $90 million initiative to improve daily commute quality.

The new Manhattan terminal will cost an estimated $10 to $15 billion. Officials plan to reveal five proposed designs for the new terminal on Thursday. The designs will be open to the public for review and comment at www.pabtcompetition.com.