Senate Dems call on Port Authority to sell real estate
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Democrats who control the New Jersey Senate want the Port Authority of New York and New Jersey to sell real estate that's not used for transportation to fund a rail tunnel connecting the state with Manhattan.
Speaking Tuesday during a news conference at Newark Penn Station, Senate President Steve Sweeney said the proceeds from selling assets like the World Trade Center could generate up to $3 billion.
Mr. Sweeney wants the money to go toward Amtrak's Gateway tunnel project. He says the sale would send a message that the agency is serious about fixing transportation infrastructure.
A message seeking comment from the Port Authority was not immediately returned.
The announcement comes a day after the Senate failed to override Gov. Chris Christie's veto of a bill that would have given the legislature more influence over the agency.
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http://www.crainsnewyork.com/article...ll-real-estate
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