The state of play for Gateway: Wake up, Feds

Motivated either by political malice or clay-brained negligence, the Department of Transportation snatched tens of millions in rail improvement money that Congress had intended for the Gateway Project two weeks ago, and re-allocated the funds to a passenger terminal in New Orleans and new coach cars in Wisconsin.As the delay drags on, however, it is likely that a new two-track tunnel cannot be built before the existing two-track tunnel undergoes emergency repairs.

Regional Plan Association report laid out the fiscal damage: New Jersey home values would plummet as much as $22 billion over those four years, the state would lose $3 billion in property taxes in Bergen, Essex, Union and Middlesex alone, and the national economy would take a $16 billion hit.

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