Audit: Port Authority of New York and New Jersey is a "Challenged and Dysfunctional Organization"

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The World Trade Center site in late August 2011 (photo by Stephen Nessen/WNYC)

More analysis after we've finished reading, but the first phase of an audit of the bi-state authority finds an 'organization at a crossroads' and says the Port Authority needs a top-to-bottom overhaul of its management structure.

More findings: " a challenged and dysfunctional organization suffering from a lack of consistent leadership, a siloed underlying bureaucracy, poorly coordinated capital planning processes, insufficient cost controls, and a lack of transparent and effective oversight of the World Trade Center program that has obscured full awareness of billions of dollars in exposure to the Port Authority."

Read the Port Authority Audit (pdf).