An antiquated roadway on the Hoboken waterfront is suffering from "cracking, rebar corrosion" and other defects that will require it be replaced, a complicated project that will disrupt traffic, according to a report to be presented Tuesday.

The work would cost up to $10 million and likely disrupt pedestrian walkways, boat traffic and private property along a faulty section of Frank Sinatra Drive North near Shipyard Park.

"Ultimately...