Councilman DeFusco Proudly Supports Revised NJ Transit Redevelopment Plan, Including Long Anticipated European-Style Market at Hoboken Terminal

 

Councilman DeFusco Proudly Supports Revised NJ Transit Redevelopment Plan, Including Long Anticipated European-Style Market at Hoboken Terminal

HOBOKEN, N.J. — Since his first run for City Council four years ago, Councilman Mike DeFusco has strongly advocated for the activation of grossly underutilized space at Hoboken Terminal for an indoor/outdoor European Market experience. Councilman DeFusco is proud to support the newly revised NJ Transit/Hoboken Yards redevelopment plan that includes this long sought after priority, as well as a beneficial mixed-use development plan that balances the needs of economic vitality and environmental sustainability.

“Tens of thousands of people travel to Hoboken Terminal on their daily commute, and I have long believed that this historic building presents an incredible opportunity to provide an experience similar to Chelsea Market in New York or Reading Terminal Market in Philadelphia,” said Councilman DeFusco. “Not only would this re-energize the terminal and provide a better experience for commuters, it would create opportunities for Hoboken businesses to thrive and entrepreneurs to craft a truly unique destination. I would like to thank Mayor Bhalla, NJ Transit, LCOR and all of the stakeholders in this project who agreed with my vision for the Terminal, and I can’t wait to take the next steps towards finally making this plan a reality.”

The market concept is incorporated in LCOR’s revised Hoboken Yard Redevelopment plan which was submitted to the City Council’s Southern Development Subcommittee earlier this month, which Councilman DeFusco chairs. Its stated goal is to create a world class transit-oriented development, provide economic development opportunities to the city and other stakeholders and create new jobs, including both union construction jobs and permanent jobs. The plan also conforms to the city’s ongoing Rebuild by Design sustainability initiative and will be built alongside new floodwalls alongside Observer Highway intended to protect the city from major storm events.

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