Nationality American Occupation Businessman | Name Arthur Sr. | |
Born July 8, 1925 (age 98) ( 1925-07-08 ) West New York, NJ, USA Known for Founder of NY Waterway ferry service and A-P-A Trucking, former owner of the Colorado Rockies hockey team | ||
Organizations founded NY Waterway | ||
Arthur Edward Imperatore Sr. (born July 8, 1925 in West New York, New Jersey) is an Italian-American businessman from New Jersey. He is best known as being the founder and president of the NY Waterway, a ferry service.
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Career
in 1947 he started a local trucking business with his brothers Eugene, Arnold, George and Harold using a surplus US Army truck, which eventually became A-P-A Transport Corp., the nation's fourth largest interstate freight trucking company (closed 2002).
In 1978 he purchased the Colorado Rockies hockey team and tried to move it to New Jersey. The move failed at that time because the Brendan Byrne Arena was still under construction, and there was no arena in northern New Jersey that was suitable enough even for temporary use. In 1982, he sold the team to John McMullen. By this time, the Brendan Byrne Arena was ready for play, and McMullen moved the team there as the New Jersey Devils. In 1981 Imperatore purchased a 2.5-mile (4.0 km) length of waterfront in Weehawken and West New York from the bankrupt Penn Central railroad for $7.5 million. In 1986 he started the NY Waterway ferry service between Weehawken and Manhattan.
In 1989 he started an upscale restaurant, Arthur's Landing, in Weehwaken along the Hudson River. It closed in 2009.
Imperatore has been a resident of Fort Lee, New Jersey, living in a home that had been built by gangster Albert Anastasia and was later owned by comedian Buddy Hackett.
Honors
The Arthur E. Imperatore School of Sciences and Arts of Stevens Institute of Technology, in Hoboken, New Jersey, is named in his honor.
Imperatore received the Horatio Alger Association of Distinguished Americans#Horatio Alger Award in 1982.
Imperatore entered the Forbes 400 list of richest Americans in 1988, his only year on the list.
Imperatone was inducted into the New Jersey Hall of Fame in 2017.