A proposed 25-year lease of space at 2 Gateway Center in Newark for NJ Transit's headquarters could cost up to $400 million over the lease period.
in Newark could cost a total of almost $400 million over the life of a 25 year lease, an expense questioned by state legislators as the agency faces a predicted $957 million shortfall by 2027.
NJ Transit officials say the proposal a better alternative than plowing more than $100 million in repairs and rehabilitation into its existing headquarters on Raymond Boulevard in Newark, a building constructed in the 1990s and is owned by the agency.questioned by union locomotive engineers last monthIf you purchase a product or register for an account through one of the links on our site, we may receive compensation.
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