$300 million in borrowing approved for New Jersey Statehouse overhaul

Posted: Updated:
File photo File photo
TRENTON -

(AP) - A state economic development agency has approved borrowing up to $300 million to finance Republican Gov. Chris Christie's plan to renovate the statehouse.

The New Jersey Economic Development Authority approved the bonds at a board meeting Thursday.

Christie announced plans last fall for the major renovations to the deteriorating 18th-century building. Workers have begun boarding up windows with plywood.

The project has drawn questions from both Christie's political opponents and advocacy groups worried about the cost.

Treasurer Ford Scudder said in February the governor's office and state department employees who work in the statehouse would be moving to a state building down the street in the capital.

Christie says the building is a "fire trap" that hasn't been significantly updated in six decades.

sorry to interrupt
your first 5 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 5 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."