Management & Operations

NJ TRANSIT exploring sale of land, air rights

Posted on December 10, 2018

Corbett said it is a natural outgrowth of the growth of economic development around train stations in the past decade — a growth fueled by Transit Oriented Development projects.
Corbett said it is a natural outgrowth of the growth of economic development around train stations in the past decade — a growth fueled by Transit Oriented Development projects.
Adam E. Moreira

NEWARK, N.J. — ROI reports that New Jersey TRANSIT’s Executive Director Kevin Corbett said the state is looking into ways to sell air and development rights above and adjacent to rail stations in New Jersey.

The idea would be a way for NJ TRANSIT to monetize prime real estate in every municipality where it has a train station. Speaking at a Chamber of Commerce event late last week, Corbett said the process is just beginning, but noted the massive Secaucus Junction station as a place where the process could make sense.

Corbett said it is a natural outgrowth of the growth of economic development around train stations in the past decade — a growth fueled by transit oriented development projects. For the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

Prestolite Electric annouces new warranty for Leece-Neville alternators

The Prestolite Power Promise warranty covers manufacturing defects; premature component failure; and more.

MBTA releases plan to advance future capital investments

Projects underway include improving real-time arrival information for subway, bus, and commuter rail trains.

HDR to help manage Capital Metro's proposed transformation

The agency's vision includes short-term enhancements to existing infrastructure, as well as traditional modes of mass transit.

N.Y. Senate passes legislation to add transit dependent NFTA board members

The new appointments could play a major role in shaping NFTA’s future, which includes a possible $1.6 billion light rail expansion.

Metro Transit to improve quality of service, safety on rail systems

Includes adding technology to make riding the bus more reliable and adding new bus routes, which will cost about $1.5 million.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation