Thursday, December 10, 2009

Christie Approves $1.2 Billion In Transportation Borrowing?

Say It Ain't So!

The Associated Press is reporting that the Christie transition team signed off on Corzine's Transportation Trust Fund Authority selling $1.2 billion in bonds to pay for previously approved transportation projects through June 30.

What happened to "everything is on the table?" What about a review of the projects to see if savings are possible, say by eliminating "prevailing wage" before bonding for the projects?

I hope the AP got this wrong or that Christie steps in and overrules his transition advisers. At the very least, I hope his team has more to say about this than, "the transition team was consulting with Democratic Gov. Jon S. Corzine's administration on a number of issues, including this one."

4 comments:

NFS said...

This makes no sense. Neither, IMO, did Christie's appointment of a member of the DeCotiis law firm to his transition team.

From an article published by The Record:

"Cooper found that EnCap and its lawyers, members of the prominent DeCotiis firm in Teaneck, misled state officials about their financial backing and ability to manage an 800-acre project that included the reclamation of four landfills in Lyndhurst and Rutherford and the installation of complex environmental safeguards.

The officials said the joint state and federal team is zeroing in on a handful of controversial figures and issues connected to EnCap.

Among them is Leroy Robinson. In August 2004, EnCap gave Robinson a no-bid contract to provide 2.5 million cubic yards of clean fill. The contract guaranteed Robinson $163,000 a month whether he delivered fill or not.

Shortly after winning the contract, Robinson said he could not find enough material that met state standards and began submitting change orders for more money. EnCap later said Robinson’s failure to deliver contributed to crippling cost overruns and project delays.

Christie’s office indicted Robinson, a retired Garden State Parkway maintenance supervisor, on unrelated money laundering charges earlier this year.

Robinson was brought to EnCap by Decotiis firm partner Eric D. Wisler, the project’s driving force, who led negotiations with the state that yielded a series of lucrative financial and environmental concessions for EnCap."

Is Chrisie with them or us?

David said...

If this is for the rail tunnel, this is a real disappointment.

MikeGSP said...

Art, this really surprises you?

Anonymous said...

Christie is a liberal RINO. I am not at all surprised that to see that he will govern like the liberal that he is.