Search
 

Transportation: 'Nexus for All Things'

EDISON, NJ-Despite the economy, major infrastructure projects are moving forward with an emphasis on jobs.

By Alyson Grala | Updated on April 16, 2010

EDISON, NJ-With an overlying message from the Christie Administration that “New Jersey is open for business,” the state’s transportation infrastructure goes to the very heart of economic matters. “Transportation is the nexus for all things that happen in this state,” Commissioner James Simpson of the New Jersey Department of Transportation told attendees of NAIOP New Jersey’s Transportation Infrastructure Update.

Citing everything from the potential for ancillary investment generated by the expansion of Atlantic City International Airport, to the heralded ARC tunnel project under the Hudson River, “now is the time to invest in New Jersey,” Simpson said. “We have the densest urban core, the ports and airports and the existing road system. Those are major strengths.”

Admitting that road congestion is an ongoing concern–and that the $5 billion cost and environmental impact of the widening of the New Jersey Turnpike in the vicinity of New Jersey Turnpike Exit 8A has raised some eyebrows–”that project will ultimately result in significant travel time savings,” Simpson said, citing $7 to $8 million as the cost of congestion. The Commissioner also pointed to sustainability as a goal, specifically from the standpoint of tying development to transit hubs across the state.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.