Purchasing a median-priced home in the US is a financial stretch for Americans in the majority of markets despite slowing growth in real estate prices,…
If approved by the Port Authority Board of Commissioners, project funding would increase from $300 million to keep the existing AirTrain Newark in a state of good repair to a total of $2.05 billon for the new project. The proposal targets a start to construction in late 2020 or early 2021.
The transaction price represents almost $800 million in additional value created.
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