Submitted by AryehCW t3_zwrfzw in jerseycity
There are about eight acres of land directly next to the LSP light rail stop and a turnpike on-ramp that are being used for a surface parking lot that is usually half full at best. This should be a prime development location, with the proceeds (assuming the lot is owned by NJ Transit) going to improving rail and bus service in Jersey City.
What am I missing?
objectimpermanence t1_j1wwuvp wrote
The property is definitely owned by NJ Transit. They also own a few adjacent parcels.
In fact, they are seeking proposals from developers to do mixed use, transit-oriented development in this area and on other NJTransit properties.
The agency has recently begun to look for ways to monetize its property holdings to help fill holes in their budget.
More info here.