State officials are seeking to “provide a stronger response” to developers looking to build around NJ Transit’s rail and bus stations, hoping to jumpstart a plan to monetize the agency’s vast but underutilized real estate portfolio.
The city of Newark has become a state-designated Transit Village, making it eligible for additional funding and guidance from Trenton as part of its ongoing development efforts.
The city of Newark will seek a “transit village” designation from the state for a busy stretch of its downtown, seeking to unlock grant funding that will help shape redevelopment efforts.
