Passenger Trains > NJ: Jersey City and PATH reach an agreement

Jersey City's mayor, Steve Fulop, has been after the Port Authority of NY and NJ to "update" its payment in lieu of taxes formula. That provides income to the city for otherwise tax exempt properties. The former Goldman Sachs exec added several properties to the list, and threatened "eminent domain" at one point. The PA told him to go pound salt.

Well, there seems to be an agreement. PA will increase its payment to the city, will transfer the old Powerhouse to the city, will buy a key lot from the city, and will consider a new PATH station in Marion. I'm not sure that last one is going to fly, as the Journal Square station is just a few blocks east. But the area is booming...


http://www.nj.com/hudson/index.ssf/2018/03/jersey_city_port_authority_settle_dispute_over_tax.html