Bush Terminal Company, Appellants v. City of New York, Respondents

Summary

The Court affirmed the lower court's judgment, holding that the Port Authority possessed the statutory authority to construct a sixteen‑story building that includes a freight terminal in its lower levels and rentable space above, and that the 1931 statute validly permits the Authority and the City of New York to enter into a voluntary agreement to pay a sum not exceeding the taxes previously levied on the property. The Court further concluded that the parties may lawfully make such a contract under the statute.