Sponsored by: For more information about our sponsors click the logos below
February 16, 2018
PORT AUTHORITY BOARD APPROVES SELECTION OF DESIGN-BUILD TEAM FOR REDEVELOPMENT OF NEWARK LIBERTY'S NEW TERMINAL ONE
The Port Authority of New York & New Jersey has approved a joint venture of Tutor Perini/Parsons for the design and construction of Newark Liberty's Terminal One.
The new, one-million square foot, 33 gate common terminal will replace Terminal A. Port Authority officials say the $2.7 Billion project will improve customer service, create 23,000 jobs and generate nearly $5 billion in regional economic activity.
It is the largest transportation infrastructure design-build contract New Jersey state history.
HOLLAND TUNNEL TO UNDERGO $364 MILLION IN HURRICANE SANDY REPAIRS
The Holland Tunnel is set to undergo a massive $364 million overhaul that will see systems damaged during Hurricane Sandy repaired and replaced.
The rehabilitation and resiliency project, which was approved by the Port Authority Board of Directors, is expected to begin next year and take approximately five years to complete. Around 84 percent of the project cost is expected to be reimbursed by federal funds.
The devastating 2012 storm filled the tunnel with 30 million gallons of water and caused up to 9 feet of flooding above the north tube roadway. The project will include the repair and replacement of the tunnel's power cables, fire detection system, voice communication system, lighting, and pump room equipment. Repairs will also be made to concrete, drum rings, curbs, ceilings and wall tiles in the tunnel.
The project will also include various resiliency measures.
The work is slated to begin in the second quarter of next year.
ATLANTIC CITY ELECTRIC CUSTOMERS EXPERIENCE RECORD ELECTRICITY RELIABILITY IN 2017
Over the past five years, Atlantic City Electric has invested hundreds of millions of dollars on its electric distribution system. It's working. In 2017, Atlantic City Electric customers experienced the lowest average number of electric outages in the company's history, as well as the fastest restoration times ever.
Distribution improvements include existing infrastructure inspection, tree trimming, new substation construction, strengthening the transmission system, and installing stronger, tree-resistant aerial cable. The company also is using innovative technologies to improve system reliability, such as specialized equipment that can automatically restore service more quickly or isolate damage
NAIOP COMMERCIAL REAL ESTATE AWARD HONOREES ANNOUNCED
The 2018 Commercial Real Estate Awards will be presented at the 31st Annual Commercial Real Estate Awards Gala on May 10, 2018, 4 - 9 PM at The Palace at Somerset Park.
Jon F. Hanson, Founder & Chairman of The Hampshire Cos../ Lifetime Achievement Award
Michael J. DeMarco, CEO of Mack-Cali Realty Corp. / Impact Award
Jeffrey J. Milanaik, Regional Partner of Mack-Cali Corp. / Impact Award
Stan Danzig, Vice Chairman of Cushman & Wakefield / Industry Service Award
Woodbridge Mayor John E. McCormac / Caren S. Franzini Public Partner Award
2/27/18 - Hudson County Alliance for Action, click here to register.
3/27/18 - Newark Terminal A Redevelopment, click here to register.
4/4/18 - Meeting with Port Authority Chief Engineer Jim Starace, click here to register.
To see photos from yesterday's sold-out New Jersey's Leading Infrastructure awards program, click here.
GOVERNOR MURPHY SIGNS EXECUTIVE ORDER TO PROMOTE OFFSHORE WIND ENERGY
Governor Phil Murphy has signed an Executive Order directing the New Jersey Board of Public Utilities to fully implement the Offshore Wind Economic Development Act (OWEDA) and begin the process of moving the state toward a goal of 3,500 megawatts of offshore wind energy generation by the year 2030.
Governor Murphy's Executive Order directs the BPU to begin the rulemaking process to fill the gaps in the current regulations governing the OREC program. The Order also directs the BPU New Jersey Department of Environmental Protection to work together to establish an Offshore Wind Strategic Plan for New Jersey.
GOTTHEIMER CALLS FOR FIXES TO NJ'S TRANSPORTATION INFRASTRUCTURE
U.S. Rep. Josh Gottheimer, D-5th District, is calling for bipartisan infrastructure legislation that would provide job-creating investments to fix New Jersey's failing roads, bridges and railways.
The lawmaker says infrastructure investment is one of the greatest economic multipliers.
"We know that for every dollar we invest in infrastructure, we generate three dollars in output gains," Gottheimer said. "If we make these necessary improvements in New Jersey to our roads, bridges, and tunnels and cut our taxes and unnecessary regulations, we will have the competitive advantage and entice more jobs and businesses to come, not just to our country, but to our state and to do business with us."
Gotteimer says states like New Jersey that pay more in federal tax dollars deserve and should expect to get more back in investment. He says his plan would boost New Jersey's return on investment via grant programs, get the Gateway Tunnel back on track and provide job-creating investments to fix New Jersey's crumbling roads, bridges, and rails and spur economic growth.
PEOPLE ON THE MOVE
Gov. Phil Murphy has appointed New Jersey Resources CEO Laurence Downes as Chairman of the New Jersey Economic Development Authority and Tim Sullivan has been selected to serve as Chief Executive Officer of the Authority.
Vincent Prieto is resigning his seat in the New Jersey General Assembly to become President and CEO of the New Jersey Sports and Exposition Authority.
The NJ TRANSIT Board of Directors has approved Kevin Corbett as the next Executive Director of NJ Transit.
Amy Cradic has joined NJ Resources as Vice President of Government Affairs and Policy.
Burlington County Freeholder Director Kate Gibbs, will serve as a Co-Chair of the Burlington County Alliance for Action.
Engineers Labor-Employer Cooperative (ELEC), the labor management fund for the International Union of Operating Engineers Local 825, announced the hiring of Michael Makarski to spearhead the organization's External Affairs efforts.
The New Jersey Apartment Association has promoted Nichole LoPresti to Executive Vice President.
Benjamin A. Dworkin, PhD has taken a new position as founding Director of Rowan University's Institute for Public Policy & Citizenship
Stockton University announced the appointment of Dr. Michael W. Klein as Interim Executive Director of the William J. Hughes Center for Public Policy.
Barbara Berreski, became the Interim Executive Director of New Jersey Association of State Colleges and Universities