Demolished For A Project That Would Never Be

The decision to cancel the planned tunnel beneath the Hudson River to connect New York and New Jersey was not without repercussions.
November 18, 2010, 8am PST | Nate Berg
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Properties had already been bought by the state to make room for the project -- properties that have been demolished and now sit empty.

"Gov. Christie said he had to pull the plug on the tunnel to avoid projected cost overruns.

The state had spent around $29 million on property for the tunnel, most of it in North Bergen.

In addition to the McDonald's land, NJ Transit paid $7 million for a storage facility and $15.75 million for a warehouse property, according to records provided by North Bergen administrator Chris Pianese."

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Published on Wednesday, November 17, 2010 in The Wall Street Journal
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