| 00:00:31 |
Menendez, Robert "Bob" - U.S. Senator, [D] New Jersey
HOUR. >> GOOD MORNING. WELCOME EVERYONE TO TODAY'S HEARING DISCUSSING THE UNPRECEDENTED CHALLENGES OUR REGION'S PUBLIC TRANSIT AND HOUSING FACE AS A RESULT...
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| 00:08:50 |
Rogoff, Peter - Administrator
TO QUICKLY AND FLEXIBLY PROVIDE RELIEF FOLLOWING SUPERSTORM SANDY. MR. ADMINISTRATOR? >> THANK YOU, MR. CHAIRMAN. MEMBERS OF THE SUBCOMMITTEE, THANK...
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| 00:15:14 |
Chavez, Yolanda - Deputy Assistant Secretary
SUBCOMMITTEE. THANK YOU FOR THE OPPORTUNITY TO TESTIFY REGARDING THE RECOVERY FROM SUPERSTORM SANDY. IN MY ROLE AS DEPUTY ASSISTANT PROGRAMS AT HUD...
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| 00:19:56 |
Menendez, Robert "Bob" - U.S. Senator, [D] New Jersey
NEED TO RECOVER AND REBUILD. THANK YOU FOR THE OPPORTUNITY TO TESTIFY. I WOULD BE PLEASED TO ANSWER ANY QUESTIONS YOU MAY HAVE. >> THANK YOU BOTH FOR...
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| 00:20:40 |
Chavez, Yolanda - Deputy Assistant Secretary
NOT JUST ABOUT BUILDING OR REBUILDING A FEW STATES BUT HELPING TO REBUILD AT THE SAME TIME A NATIONAL ECONOMY? >> YES. WE COMPLETELY AGREE WITH THAT,...
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| 00:25:04 |
Rogoff, Peter - Administrator
THE CITY AND SOUTHEASTERN CONNECTICUT. IMPORTANTLY, MANY STUDIES HAVE SHOWN THAT AFTER HOUSING TRANSPORTATION IS THE SECOND LARGEST DRAW ON A FAMILY...
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| 00:33:51 |
Chavez, Yolanda - Deputy Assistant Secretary
THE RESOURCES UNDER WHICH YOU WOULD MAKE THOSE DECISIONS? >> THE CONSEQUENCES BASICALLY ARE THAT THE RECOVERY WILL TAKE LONGER, AS YOU WAIT LONGER IT...
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| 00:38:21 |
Menendez, Robert "Bob" - U.S. Senator, [D] New Jersey
AROUND WHAT THOSE CHALLENGES ARE. AND MR. PATRICK FOY IS THE EXECUTIVE DIRECTOR OF THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY. WE'RE HAPPY TO HEAR...
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| 00:38:38 |
Weinstein, James - Executive Director
MINUTES OF ORAL TESTIMONY. ALL OF YOUR FULL STATEMENTS WILL BE INCLUDED IN THE RECORD AND THEN WE CAN HAVE A DISCUSSION. >> OKAY. GOOD MORNING, MR....
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| 00:44:18 |
Prendergast, Thomas - President
THANK YOU VERY MUCH. >> GOOD MORNING, CHAIRMAN MENENDEZ AND OTHER MEMBERS OF THE COMMITTEE. THANK YOU FOR HOLDING THIS HEARING AND INVITING ME TO TESTIFY...
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| 00:48:47 |
Foye, Patrick J. - Executive Director
FOR HOLDING THIS IMPORTANT HEARING ON THE GREATEST TRANSIT DISASTER IN OUR NATION'S HISTORY. I'M PAT FOY EXECUTIVE DIRECTOR OF THE PORT AUTHORITY...
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| 00:56:15 |
Menendez, Robert "Bob" - U.S. Senator, [D] New Jersey
REPAIRS IS IN INFATHOMABLE FOR LOST JOBS AND ECONOMIC OUTPUT IT POWERS. THANK YOU. >> THANK YOU ALL FOR YOUR TESTIMONY. LET ME START OFF -- YOU KNOW,...
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| 00:56:36 |
Weinstein, James - Executive Director
NECESSARY. WHAT WOULD YOU SAY TO THEM? >> MR. CHAIRMAN, WE'VE BEEN VERY SENSITIVE TO THAT VERY ISSUE. I MEAN, THESE ARE ESTIMATES THAT ARE A WORK IN...
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| 00:57:35 |
Foye, Patrick J. - Executive Director
THE NET WORTH OF THE TRANSIT PART OF THE INFRASTRUCTURE ALONE IS $700 MILLION. THE DAMAGE WE SUSTAINED IS SIGNIFICANT. IT'S EFFECTING OUR ABILITY TO...
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| 01:00:17 |
Prendergast, Thomas - President
BILLION IN BOND ANTICIPATION NOTES. SO WE'RE GOING TO RUN THOSE DOWN. AND OBVIOUSLY WE'LL DEAL WITH IT ON A PRIORITY BASIS. WE'RE JUST GETTING...
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| 01:01:42 |
Weinstein, James - Executive Director
REVISITED. >> HOW ABOUT NEW JERSEY TRANSIT? >> MR. CHAIRMAN, IF WE DIDN'T GET THE MONEY THAT WE'RE ASKING FOR OR CLOSE TO IT, WE'RE NOT GOING TO BE...
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| 01:04:53 |
Foye, Patrick J. - Executive Director
A SECURITY IMPERATIVE. WOULD THAT BE A MISSTATEMENT? >> NO. THAT'S EXACTLY RIGHT. OBVIOUSLY THE PORT AUTHORITY WAS TERRIBLY IMPACTED BY 9/11 GIVEN...
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| 01:05:56 |
Prendergast, Thomas - President
MTA HURRICANE PLAN DEVELOPED WITH THE CITY OF NEW YORK IS THAT THE MTA AND ITS AGENCIES PROVIDE AN EVACUATION. WE'RE THE ONES A THE TRANSPORT PEOPLE...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.