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5d ago

Rick Cotton to Retire as Port Authority Executive Director in January

The handoff follows completion of a proposed 10-year capital plan that will steer investments through 2035.

Rick Cotton, Executive Director of The Port Authority, announces preparations for disruptions for East Coast Ports ahead of a potential dockworker strike at a press on conference at the World Trade Center in New York City on September 30, 2024. Tens of thousands of US dockworkers plan to strike this week if there is no breakthrough on contract talks, just a month before November's closely contested presidential election. (Photo by Bryan R. SMITH / AFP) (Photo by BRYAN R. SMITH/AFP via Getty Images)
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Overview

  • Cotton, 81, has led the Port Authority since 2017, marking the longest executive-director tenure since the 1940s.
  • The agency said a successor will be announced in due course, with Cotton assisting in a January transition.
  • His tenure delivered roughly $50 billion in airport modernization, including LaGuardia’s rebuild, Newark’s new Terminal A, and JFK’s ongoing reconstruction.
  • He initiated the $10 billion redevelopment of the Port Authority Bus Terminal in Midtown, which broke ground in May.
  • The transition comes after leaders finalized a proposed 10-year capital plan through 2035, estimated at about $45 billion.