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August 16, 2018

Real Estate NJ: What infrastructure improvements does New Jersey need to support development for the next 20 years?

Jennifer M. Porter was featured in a Real Estate NJ editorial roundtable posing the question, "What infrastructure improvements does New Jersey need to support development for the next 20 years?"

According to Jennifer, "While New Jersey has witnessed recent infrastructure success stories for bridges and ports with the raising of the Bayonne Bridge and the replacement of the Goethals Bridge, funding for and improvements to aging roadway, railway and storm water infrastructure is critical to support further development. New Jersey should consider following suit with other states by creating storm water utilities to establish user fees as a way to pay for much-needed storm water improvements. Likewise, to alleviate some of the financial constraints associated with necessary roadway improvement projects, municipalities and counties should take advantage of New Jersey’s first transportation loan program, established under the Transportation Trust Fund. Finally, funding for and implementation of the Gateway Program, the first phase of which includes the Portal North Bridge Project and the Hudson Tunnel Project, is essential to the future success of the region by maintaining resiliency and increasing capacity for a critical component of the Northeast Corridor."

To read the full article, please visit Real Estate NJ's website

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