Yesterday the Senate Transportation committee approved S-3410. This bill will transition the current nonprofit Gateway Corporation to a Gateway Development Commission, which would act under federal law as the coordinating agency for the purpose of receiving and distributing public and private funding for the Gateway Project.
The new commission would include one member appointed by the board of NJ Transit, one by the commissioner of the New York Department of Transportation, and one by Amtrak. It also provides for a rotating chairmanship between New Jersey and New York and requires the unanimous vote of all three members for the commission to act.
The bill also authorizes the commission to apply for grants and funding, obtain loans, and issue bonds, as well as to acquire property. New York State will need to approve similar legislation and is in the process of doing so.
League President Colleen Mahr, Mayor of Fanwood, presented supportive testimony, citing the Gateway project as a top priority for the League and local officials statewide.
S3410, sponsored by Senator Patrick Diegnan, is now 2nd referenced to the Senate Budget and Appropriations Committee. Assembly companion legislation has been introduced by Speaker Craig Coughlin and Assemblyman Dan Benson.
Contact: Michael F. Cerra, Assistant Executive Director, firstname.lastname@example.org, 609-695-3481 x120.