New York City Economic Development Corporation

Downtown Manhattan Heliport: Revenue Operations (Follow-Up Report)

The Downtown Manhattan Heliport is one of three public heliports in New York City. The Heliport was previously managed by the Port Authority of New York and New Jersey pursuant to a lease agreement with the New York City Economic Development Corporation. The Port Authority was required by the agreement to pay the Corporation a minimum annual rental fee plus certain additional amounts if net revenue was generated from the Heliportís operations. In audit 2007-N-5, we audited the revenue that was being paid to the Corporation under the lease agreement and recommended that certain improvements be made. When we followed up on these matters with Corporation officials, we found that the lease agreement had been terminated and the Heliport was now managed by a different contractor. However, the improvements we recommended had been taken into account in the new lease agreement.

For a complete copy of Report 2008-F-40 click here.
For a copy of the 90-day response click here.