A bipartisan deal, unveiled Friday at the Statehouse, calls for raising the state’s gas tax for the first time since 1988 to replenish the Transportation Trust Fund. The 23-cent-per-gallon increase will fund a $2 billion TTF plan over the next eight years, with 100 percent of gas tax revenues constitutionally dedicated to repair and replace the state’s roads and bridges.
The developer seeking to complete the American Dream Meadowlands project is moving ahead with plans to seek $1.15 billion in bonds for the project, now that an opposition group has agreed to drop its challenge.
The Philadelphia 76ers have unveiled their new state-of-the-art, 125,000-square-foot practice facility near the Camden waterfront.
New Jersey’s decades-long battle over affordable housing policy is heading back to the state Supreme Court, which has opted to hear an appeal for the latest dispute over how those obligations are calculated for local governments.
Construction could resume at the stalled American Dream Meadowlands site in the coming weeks, now that efforts to finance the massive project appear to be back on track.
By Real Estate NJ Patricia Giaquinto has joined NAIOP New Jersey as chapter administrator and executive assistant, said Michael McGuinness, CEO of the commercial real estate development group’s New Jersey chapter. Giaquinto, a Somerset resident, will manage office operations and…