The restoration of rail and ferry services is of a much smaller scale. In 1981 Arthur Edward Imperatore, Sr., trucking magnate, purchased a length of the Weehawken Yard from the bankrupt Penn Central for $7.5 million, his surname an inspiration for Port Imperial. New York Waterway was established in 1986. Service was originally provided from a converted ferry moored at the shore next to the marina south of the current terminal. New Jersey Transit contracted the extensive renovation and waterproofing of the Weehawken Tunnel under Bergen Hill which had been built in 1861. The new ferry terminal, built and owned by New Jersey Transit and leased by NY Waterway, opened in May 2006. The HBLR station opened for weekend service in November 2005 and full-time service on October 29, 2006. The construction and maintenance of stairways from atop the cliffs at Boulevard East to the station and the bridge from the station to the ferry slips have been a source of contention and controversy. The area, still under development, is considered to be too oriented to automobiles, rather than pedestrians. While there has been some integration in the wider public transportation system, some transportation is geared within the development site, including parking lots. In 2009, New York Waterway was instrumental in the rescue of passengers on US Airways Flight 1549, which made an emergency landing on the Hudson River near Port Imperial. A memorial to the September 11 attacks was unveiled on the event's 10th anniversary. The district along the Hudson Waterfront has expanded to become a commercial, residential, and recreational neighborhood. In June 2011, ground was broken on 850-space garage and retail space building, across from the ferry terminal. In October 2011, the hub was announced as the site of the Port Imperial Street Circuit, a motorsport venue hosting the Grand Prix of America, a round of the Formula One World Championship. The start-finish line and pit facilities for the event were supposed to be directly opposite the ferry terminal, and the area was to be further redeveloped for the race, however the event never materialized. In June 2013, a long-awaited bridge connecting the ferry terminal and light rail station was opened.
Services
Ferry
NY Waterway ferries operate to West Midtown Ferry Terminal7 days a week, Battery Park City Ferry Terminal/Brookfield Pace during weekday rush hours, and Pier 11/Wall Street weekday rush hours and weekends. At the West Midtown terminal, NY Waterway offers free connecting shuttle buses to further serve Midtown Manhattan. NY Waterway maintains a ferry maintenance refueling facility south of the terminal.
Bus
NY Waterway offers two shuttle bus routes serving River Road and three intra-site routes serving the Port Imperial district. Buses operate rush hours only and at no cost. Weehawken Township also operates a shuttle bus on weekdays. In May 2013 NY Waterway initiated afternoon bus service along the NJT bus routes 158, and 159R, which travel north to Fort Lee, and 156R, with continuing service to Englewood Cliffs. NJ Transit Bus routes stop adjacent to the rail station in the southbound direction and outside the ferry terminal in the northbound direction.
Light rail
In June 2012, NJT and NY Waterway began a fare-sharing program for riders transferring between the light rail and ferries for ten-trip and monthly tickets holders. in a program called Surf and Turf