NJ must pay $271M for killing tunnel [View All]

Source: Poughkeepsie Journal

TRENTON, N.J. — New Jersey owes the federal government more than $271 million after canceling a rail tunnel connecting the state with New York, according to a debt notice obtained Monday by The Associated Press.

The letter from the Federal Transit Administration's chief financial officer to NJ Transit's executive director demands payment of $271,101,291 by Dec. 24.

It's money the government wants New Jersey to repay for work done on the Hudson River tunnel before Republican Gov. Chris Christie terminated the project. The notification follows a warning letter earlier this month estimating the charges.

"FTA demands payment in full within 30 days from the date of this letter, hereinafter referred to as the 'delinquency date,'" the letter states. The letter was dated Nov. 24.

Read more: http://www.poughkeepsiejournal.com/article/20101129/NEWS12/101129018/NJ-must-pay--271M-for-killing-tunnel