The Port Authority of New York & New Jersey is a very large bi-state agency that runs airports, bus terminals, bridges, the World Trade Center, the maritime ports in New York and New Jersey and more. It was founded in 1921 to create a cross-harbor freight tunnel which it has yet to complete, though the Port Authority continues to study it.

The Port Authority has been one of the largest property owners in Red Hook for decades. They sold off alot of property in the early 1990s (O'Connell's waterfront, Erie Basin, GBX) after warehousing it for decades.  In 2024, the Port Authority is pullng out completely as the City is taking over the PA's last stretch of Brooklyn waterfront from Pier 7/Atlantic Avenue south to Red Hook's Wolcott Street with the NYC EDC as manager and leader of the replanning process. Here is the MOU.  As of midnight 6/11/24, the NYC EDC is managing all of the property and starting a replanning process.  

The 1979 tri-party agreement created the Red Hook Container Terminal and had the Port Authority controlling most of the western edge of Red Hook. All of the following is now managed by the EDC as part of the "Brooklyn Marine Terminal."

• The Port Authority operated "the Red Hook Marine Terminal" with Piers 7 and 8.
• The "Red Hook Container Terminal" which includes Piers 9A, 9B and 10) operated by the company Red Hook Terminals.  Piers 9A and 9B were condemned in September 2023.
• Atlantic Basin and Pier 12 have been leased to the New York City Economic Development Corporation (EDC) since 2005.
• The Port Authority had two buildings at the southern and eastern edges of the Atlantic Basin that they lease to tenants.

The Port Authority charges fees for dockage, wharfage, demurrage, and related services for the Port of New York and New Jersey.  Their rates, which the call marine terminal tariffs, is found on their website.