The overrun costs on the $8.7 billion Access to the Region's Core Hudson River rail tunnels project could have been considerable - and DOT Secretary LaHood offered no assurance of help.
"In the end my decision has not changed," Mr. Christie told reporters in Trenton Wednesday. "I cannot place upon the citizens of New Jersey an open letter of credit. What proponents are asking me to do is hand over a blank check. I simply will not do that."
"He called the decision final and said there "is no opportunity for reconsideration." The decision followed an "honest and frank" discussion with Mr. LaHood, he said."
After initially stopping the project, Gov. Christie agreed to reconsider his decision after he conferred with Secretary LaHood for two weeks.
Thanks to Crain's News Alerts
