Transportation

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As seen on: BINJE.com
By: Tom Bergeron

When it comes to public education, public safety and economic development, New Jersey’s cherished tradition of home rule always has led the way.

Is it time for that to change?

The recently introduced LAND Plan, in which NJ Transit aims to develop (or redevelop) around train stations in an effort to raise necessary funds for public transportation as well as spurring economic development in towns across the state, may put that to the test.

So said Ted Zangari, the longtime chair of the Real Estate Group at Sills Cummis & Gross in Newark.Continue Reading Redevelopment Redo: Is It Time to Reduce Influence of Home Rule?

As seen on: BINJE.com
By: Tom Bergeron

In a concept that could make NJ Transit more of a financial asset than a liability, the agency released an 8-page plan Wednesday that it says provides a roadmap for up to $1.9 billion in potential non-farebox revenue over the next 30 years.

The plan, which aims to unlock value from its 8,000-acre real estate portfolio, could add up to $14 billion in economic impact to New Jersey, up to an additional $1.6 billion in municipal revenues, and create up to 50,000 jobs and up to 20,000 new housing units.Continue Reading How NJ Transit Feels It Can Generate $1.9 Billion in Non-Fare Revenue in Next 30 Years