Chris Christie's decision to kill plans for a second rail tunnel to Manhattan all but ensures the Raritan Valley Line will not see direct access to Penn Station for the foreseeable future. Christie cited cost over-runs as the main reason for killing the massive tunnel project that would have doubled the number of trains that could make the trip into the city.
New Jersey Transit officials released this statement: “While we recognize the importance and value of a cross-Hudson transportation improvement project, the current economic climate in New Jersey simply does not allow for this project to continue considering the substantial additional costs that are required. The ARC project is just not a financially viable project that we can responsibly move forward.”
In the Star Ledger's coverage of the dead-deal the paper said North Jersey homeowners are one of the big losers, especially towns like Garwood. Real estate experts estimated homes in North Jersey within two miles of a train station would increase in value by $19,000, and homes within walking distance of a train station would increase by an average of $29,000, according to the report.
NO GO ON NEW TUNNEL