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BPU TO ACCEPT
TESTIMONY ON PIPELINE PROJECT
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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.
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RUTGERS VP TO OUTLINE CAPITAL PROGRAM
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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.
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BURLINGTON COUNTY BRIDGE COMMISSION
APPROVES $110 MILLION FUNDING PROGRAM
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The Burlington County Bridge Commission
has given the go-ahead to fund its new $110 million capital
program.
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MEADOWLANDS AMERICAN DREAM PROJECT
APPROVED FOR $390 MILLION IN TAX BREAKS
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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.
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JP MORGAN TO GET $187 MILLION AWARD TO
GROW IN JERSEY CITY
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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.
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CONGRESS PASSES STOPGAP FEDERAL HIGHWAY
BILL --- BUT NO LONG -RANGE RENEWAL
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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.
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BPU APPROVES AMENDMENT TO PROPOSED B.
L. ENGLAND PIPELINE
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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.
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NJDOT OFFICIAL REPORTS ON
TRANSPORTATION FUNDING AND FUTURE
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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.
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LOSS OF ED CRUZ
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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.
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ALLIANCE FOR ACTION ANNOUNCES 2015
EAGLE AWARD WINNERS
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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.
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PEOPLE ON THE MOVE
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- 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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