Tuesday, August 18, 2015

Online News - August 18, 2015



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BPU TO ACCEPT TESTIMONY ON PIPELINE PROJECT  
A key hearing on construction of the 30 mile, $156 million Southern Reliability Link natural gas pipeline is being held on Wednesday August 26.  The New Jersey Board of Public Utilities hearing, hosted at Rowan University at Burlington County College, Enterprise Center, 3331 Route 38, Mount Laurel, will begin at 6pm.    New Jersey Natural Gas officials say construction will create more than 1,300 jobs and over $110 million in income.

RUTGERS VP TO OUTLINE CAPITAL PROGRAM
The largest capital construction program in Rutgers University's history will be detailed when the school's Vice President of Facilities and Capital Planning speaks to the Alliance for Action membership on August 26.  Tony Calcado will outline details of the new construction plans and updated infrastructure improvements.  Registration at the Alliance for Action office in Edison will begin at 9:00 a.m. 

Click here to register.  

BURLINGTON COUNTY BRIDGE COMMISSION APPROVES $110 MILLION FUNDING PROGRAM  
The Burlington County Bridge Commission has given the go-ahead to fund its new $110 million capital program. 

MEADOWLANDS AMERICAN DREAM PROJECT APPROVED FOR $390 MILLION IN TAX BREAKS 
The long-stalled mall and amusement complex in the Meadowlands known as American Dream received approval for up to $390 million in tax breaks from the State Economic Development Authority.
                
The incentive is part of the funding structure that developers are relying on to complete the 2.9 million-square-foot project.  The developer, Triple Five, said it hopes to close all financing this fall and open in the summer of 2017.
                
The complex is expected to have retail and restaurant space as well as amusements, including an indoor water and amusement park.  Total costs are estimated at more than $3.18 billion.he long-stalled mall and amusement complex in the Meadowlands known as American Dream received approval for up to $390 million in tax breaks from the State Economic Development Authority.
                
The incentive is part of the funding structure that developers are relying on to complete the 2.9 million-square-foot project.  The developer, Triple Five, said it hopes to close all financing this fall and open in the summer of 2017.
                
The complex is expected to have retail and restaurant space as well as amusements, including an indoor water and amusement park.  Total costs are estimated at more than $3.18 billion.

JP MORGAN TO GET $187 MILLION AWARD TO GROW IN JERSEY CITY
The New Jersey Economic Development Authority (EDA) approved a ten-year $187.7 million Grow New Jersey Award to J.P. Morgan Chase to expand its technology and operations hub in Jersey City.

The approval calls for J.P. Morgan to lease an additional 305,069 square feet in an adjacent building on Washington Boulevard.  It would relocate 2,150 employees currently based in New York.  The company said the alternative to expansion in Jersey City is to relocate those positions in Delaware and Ohio. 


CONGRESS PASSES STOPGAP FEDERAL HIGHWAY BILL --- BUT NO LONG -RANGE RENEWAL
Congress has passed another three month stop gap measure to fund the federal highway program. 

The interim is intended to give lawmakers time to develop a multi-year package they have been unable to pass in years.  Contentious negotiations are expected to resume this fall when Congress returns from a recess. 

House Republicans are pursuing an alternative six-year plan linked to an overhaul of the system taxing multi-national companies for a renewal which would utilize a one-time tax on overseas profits.

In the Senate, GOP Majority Leader Mitch McConnell proposes to pay for the first three years in part by selling oil from the nation's emergency stockpile and by cutting the dividend the Federal Reserve's regional banks pay on stock that private-sector banks hold. 

BPU APPROVES AMENDMENT TO PROPOSED B. L. ENGLAND PIPELINE 
The New Jersey Board of Public Utilities approved two amendments to the order which had authorized a Southern New Jersey natural gas pipeline. The proposed 22-mile pipeline would run from Maurice River Township to Upper Township.

The effort by South Jersey Gas to move forward has been on hold because of environment concerns that the pipeline would cross part of the State Pineland reserve.

One amendment provides that new customers could not be connected to any portion of the preserve.  The other amendment was to move a connecting station outside the preserve.  The BPU Board said the changes would not increase safety concerns. 

NJDOT OFFICIAL REPORTS ON TRANSPORTATION FUNDING AND FUTURE 
Rick Hammer, the New Jersey Department of Transportation Assistant Commissioner of Capital Program Management, spoke before about 200 Alliance for Action members and outlined the current 2015-2016 Fiscal Year.  He said the department is working to streamline the planning process to get more work out of the pipeline and on to the street.

LOSS OF ED CRUZ 
The Alliance for Action expressed deep regret on the death of Ed Cruz, CEO of E.E. Cruz & Co., a strong supporter of the Alliance and its goals.  Ed was recipient of the Alliance Eagle for Engineering excellence in 2009. 

ALLIANCE FOR ACTION ANNOUNCES 2015 EAGLE AWARD WINNERS
Six leaders of New Jersey's economic life will receive prized Eagle Awards at the New Jersey Alliance for Action's 41st annual dinner on October 22.  The dinner will be held at the Hyatt Regency Hotel in New Brunswick.
             
Alliance Chairman George Laufenberg and President Philip K. Beachem announced the members of Eagle Awards Class of 2015.  They are:

  • Michael Capelli, Executive Secretary-Treasurer of Northeast Regional Council of Carpenters, Sigurd Luccassen Labor Award.
  • Veronique Hakim, Executive Director of NJ TRANSIT, Richard M. Hale Chairman's Award.
  • Robert Fischer, Chief Engineer of the NJ Turnpike Authority, John L. Buzzi Engineering Excellence Award.
  • Sister Rosemary Jeffries, Past President of Georgian Court University, President's Award.
  • Frank F. Criscola, Chairman and CEO of Crisdel Group, Inc., Ellis S. Vieser Lifetime Achievement Award.
  • Richard Alaimo, President of Alaimo Group. Walter Rand South Jersey Award.
Click here to register. 

PEOPLE ON THE MOVE 
  • Tom Di Chiara, AICP, P.P. Director of Environmental Services at Arora and Associates, PC was recently approved by the New Jersey State Senate as a Member of the New Jersey State Board of Professional Planners.  
  • Robert Grimm, P.E., has been promoted to Senior Project Manager at McCormick Taylor. 
  • Tino Garcia, Executive Vice President of Ferreira Construction, was elected President of the Utility & Transportation Contractors Association (UTCA).  


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