NJ Transit moves toward public-private partnerships with its real estate holdings

NJ Transit hopes real-estate deals generate $100M

NJ Transit officials took another step toward public-private partnerships with its real estate holdings that Executive Director James Weinstein said could earn the agency $100 million in revenue, which could go toward covering operating costs. NJ Transit's Board approved retail leases for spaces in three major stations in Hoboken, Secaucus and Trenton, which Weinstein called a "solid business decision that allows use to generate commercial revenue." (Higgs, Gannett)

http://www.app.com/article/20100616/NEWS03/6160343/NJ-Transit-hopes-real-estate-deals-generate-100M

Gov. Christie takes his 2.5 % limit on property tax increases to the people of New Jersey

Gov. Christie takes his tax cap plan to the people New Jersey

Gov. Chris Christie is taking his plan to stem the nation's highest property tax to the people. And he started on Monday in an unusual place: Corzine country. The Republican governor held his first town hall meeting in Hoboken … home of former Democratic Gov. Jon Corzine … to talk about his push for a 2.5 percent limit on property tax increases that would require voter approval to exceed. A majority of the 40,000 people living in the 1-square-mile city, where Corzine has a waterfront condo, supported the former governor during the election. (AP)

http://www.app.com/article/20100517/NEWS/100517025/1007/NEWS03/Gov-Christie-takes-tax-cap-plan-to-the-people