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Port Authority approves redo of disputed $1 NJ Transit lease

2015-07-23 22:09:09| Railroads - Topix.net

The Port Authority of New York and New Jersey officially approved the renegotiation of a lease Thursday for a parking lot used by New Jersey Transit that was the subject of a criminal probe involving the authority's former chairman. Under the lease extension approved by the board of commissioners, NJ Transit will pay $875,000 per year through 2018 for the park-and-ride lot in North Bergen, located on a parcel of land initially acquired by the Port Authority for the construction of the Lincoln Tunnel.

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