In April 2012, the director of the PANYNJ reported that a proposal had been made by developer Larry Silverstein, who has a memorandum of understanding to develop a property at 39th Street and Dyer Avenue near the ramps between the tunnel and the terminal, to construct a bus garage with a residential tower above it. This parcel is not large enough to accommodate bus ramps and would require the use of elevators, which seemed to be a new type of application for bus storage. The proposal has not progressed any further.