Port Authority leased land for tunnel project

HACKENSACK - (AP) - The Port Authority of New York and NewJersey paid $95.5 million to lease land for the Hudson River tunnelproject a week before Gov. Chris Christie froze it.

The agency told The Record newspaper it signed a contract forthe site in 2009. The agency said breaking the deal could havebrought a possible lawsuit and substantial losses.

The 2-acre tract is a mostly vacant lot on 12th Avenue at 30thStreet along New York City's waterfront. It is owned by aninvestment group that includes Joseph Rose. Rose was a top officialin the administration of former New York Mayor Rudolph Giuliani.

Christie scrapped the project because he feared cost overruns. The Port Authority says it has been approached by severaldevelopers for use of the land.

advertisement | advertise on News 12

Trending Video

1 VIDEO: Brooklyn Botanic Garden to host annual Sakura Matsuri Festival
Two state troopers came to the aid of 2 New Jersey state troopers help deliver baby on I-287
Manta rays, dragons, octopuses and more littered the 3 Kite festival kicks off in Long Branch
Tamaj Lemmon has been charged with the murder 4 Arrest made in fatal weekend shooting in Paterson
New Jersey officials are set to vote on 5 Commission approves New Jersey Statehouse renovation plans

advertisement | advertise on News 12


It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.