Port of New York Authority - 1945 dated $1,000 New York Shipping Bond

$1,000 1 1/2% Bond printed by Columbian Banknote Co.. Three vignettes of female figures, 2 with Coats of Arms and the words Excelsior, Liberty and Prosperity.

Established on April 30, 1921, the Port Authority of New York and New Jersey (PANYNJ) is a bi-state agency responsible for managing the 1,500-square-mile Port District situated at the confluence of New York Harbor. As a self-sustaining entity that does not receive tax revenue from either state, the PANYNJ primarily relies on rents, tolls, and fees to operate one of the most extensive transportation networks globally. Its extensive jurisdiction encompasses America’s busiest airport system, encompassing John F. Kennedy International Airport (JFK), Newark Liberty International Airport (EWR), and LaGuardia Airport, as well as six interstate bridges and tunnels, the PATH rail system, and the World Trade Center complex.

In anticipation of 2026, the PANYNJ has unveiled a historic $45 billion Capital Plan (2026–2035) aimed at modernizing regional infrastructure and enhancing mobility. Notable milestones for 2026 include a substantial expansion of the PATH rail system, introducing direct weekend service on major lines for the first time in 25 years, and a substantial increase in construction activities for the newly constructed Midtown Bus Terminal. To finance these improvements, the agency has approved a 2026 budget that includes a $0.25 fare increment for the PATH rail system and adjusted tolls for vehicular crossings. These measures are intended to support projected annual volumes exceeding 148 million airport passengers and 8.5 million container units at the seaport.