Fixing the Port Authority

In the wake of the "Bridgegate" scandal, the governors of NY and NJ have suggested restructuring the Port Authority that oversees big regional infrastructure projects. Hugh O'Neill, president of Appleseed (an economic development consulting firm based in NYC) and a former assistant executive director of the Port Authority (1985-1991), talks about the report he and NYU's Mitchell Moss put together that argues the problem is not mismanagement or politics, but the business model that funds revenue-free projects requiring hefty toll increases.