Sunday, January 1, 2012

NJ Biz: After end of ARC, NJ Transit focuses on privatizing parking, expanding rail lines

Does anyone have any question what this means regarding NJ Transit parking: "It's very clear that we need to be able to generate other forms of revenue besides the fare increases," Weinstein said at the event, at Forsgate Country Club, in Monroe."

Count the ways they have raised costs on commuters over just the last few years. It is a pretty impressive list. Most increases are will into double digit percentages with 50% not unusual.

Commuter Parking Advisory Committee
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The halting of the ARC rail tunnel project last year has allowed NJ Transit to focus on areas such as customer service, expanding existing rail lines and finding alternative revenue sources, the head of the agency told business leaders Friday.

Executive Director Jim Weinstein said the agency is currently in a 14-month process of studying how to privatize or outsource the state's nearly 100 parking facilities. The initiative has drawn interest from several firms and parking operators, along with members of the banking industry, Weinstein said at a New Jersey Chamber of Commerce roundtable breakfast on transportation.

"It's very clear that we need to be able to generate other forms of revenue besides the fare increases," Weinstein said at the event, at Forsgate Country Club, in Monroe.
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