New Jersey is more than $30 billion in debt and state officials are looking at several options to help pay it off.

Gov. Jon Corzine assigned state Treasurer Bradley Abelow to come up with a plan and turn the state?s assets into cash. Abelow says while the proposal of leasing the New Jersey Turnpike has gotten a lot of attention by supporters and critics, there are other ways to generate cash and pay off the state?s debt.

?We?re looking at trying to see if we can develop models that haven?t been done in quite this way before,? said Abelow.

A Swiss bank recently produced a report for the Garden State that identifies several other ways the state could bring in revenue. One suggestion was to let developers build office buildings or condos on top of some New Jersey Transit stations, such as Penn Station in Newark. This option is one that Abelow believes has potential.

Other options include selling naming rights to everything from rest stops to toll roads and letting developers build shopping malls along Turnpike property.

Some opponents of leasing the Turnpike say the other options are ideas they could support. ?Not only malls but naming rights. You can start looking at the billboards running alongside the highway ? whether there should be a fee because many people traveling the Turnpike look at that,? said Assemblyman Louis Manzo.

Others say the issue isn?t just how New Jersey will raise the money, but what the state does with it.

?If we do those deals, every single penny has to be used to pay down the existing debt,? said Assemblyman John Wisniewski, ?If we?re going to take a one shot deal, we need to use that one shot deal to eliminate the burden of our money payments first??

For an extended interview with state Treasurer Abelow, go to channel 612 on your iO digital cable box and select iO extra.

Click here for Part I of this I-Team Investigation. Click here for Part II of this I-Team Investigation.