DEVELOPER PLANS $2 BILLION INVESTMENT FOR ELIZABETH WATERFRONT
Tern Landing Development announced plans for a $2 billion project over the next 12 years to develop 30-acres of capped landfill along the Elizabeth waterfront. The site is located behind Jersey Gardens Mall and would include 14 glass high rises and ferry service to Manhattan.

Tern acquired the property in 2006 for $31.5 million. Tern Managing Member Dil Hoda said the plan also envisions wooden promenades along the shoreline, a marina, hotel, charter school, restaurants and retail shops.

ALLIANCE SOUTH JERSEY REGIONAL DINNER HONORS IRV RICHTER AND GOVERNOR JIM FLORIO
Governor Jon Corzine will be the keynote speaker at the Alliance for Action South Jersey Regional Dinner on Wednesday, April 16. The dinner will be held at the Tavistock Country Club, Tavistock, with a reception at 5:30 p.m. and dinner at 7 p.m.

Former Governor Jim Florio will be the recipient of the annual Walter Rand Award for public service. Irv E. Richter, Chairman and CEO of Hill International, Inc., will be inducted into the Alliance for Action Hall of Fame for his contributions to New Jersey’s construction industry and economy.
To make reservations, Go Here.

COUPLE PLEDGES $25 MILLION IN MATCHING FUNDS TO NEW PRINCETON HOSPITAL
In what may be a record donation, a private investor and his wife have pledged $25 million in matching funds to help Princeton HealthCare System (PHCS) build its a new hospital in Plainsboro.

The promised gift from David and Patricia Atkinson, whose family have long used the Princeton Borough hospital, requires that other donors, chip in $45 million as a match over 2 1/2 years starting in June.

The pledge comes as the estimated cost for the 269-room hospital has ballooned to $441 million -- 26 percent more than the $350 million PHCS had anticipated when it received state health department approval for the facility.

PHCS officials said they hope to start construction of the hospital in June. It will replace Princeton HealthCare's University Medical Center at Princeton in Princeton Borough.

WINDMILL TURBINE PROJECTS PROPOSED FOR NEW JERSEY
Three developers asked state regulators for the right to build giant offshore windmills generating power along the Jersey shore about 16 miles out in the ocean. The projects are estimated to cost upward of $1 billion each and would need to overcome environmental and economic challenges.

The proposals submitted to the State Board of Public Utilities (BPU) are:
-A partnership of Newark-based Public Service Enterprise Group and Winergy Power Holdings for construction of 96 wind turbines off the coast of Cape May and Atlantic Counties.
-Blue Water Wind Energy for a wind farm of 116 turbines southeast of Atlantic City.
-Fisherman’s Energy of New Jersey, a consortium of companies operating fishing vessels and owners of South Jersey waterfront docks, for 66 turbines built in two phases off Atlantic City.

When the BPU sought the bids last fall, it stressed that the proposals would be only the beginning of the process and reserved the right to make no award.

DEP APPROVES PERMITS FOR PERTH AMBOY’S I-440 REDEVELOPMENT PROJECT
The State Department of Environmental Protection (DEP) approved four permits to begin remediation and redevelopment of the $135 million I-Port 440 project in Perth Amboy. The City Council is working on ordinances to create financial partnerships for a $46 million remediation plan to redevelop 113 of the most polluted acres on the site once occupied by National Lead and American Smelting and Refining Co. Redevelopment will include construction of five buildings with 1.2 million-square-feet of warehouse/distribution space and 52,000 square-feet of office space.

CHICAGO-AREA DEVELOPER HAS $1.5 BILLION FOR STATEWIDE PROJECTS
Tucker Development Corporation (TDC), a successful Chicago-area developer of shopping centers and mixed-use properties, says it is prepared to make investments in New Jersey. The 12-year-old firm reported it has earmarked up to $1.5 billion for retail, mixed-use and transit-oriented development statewide. The company said its first stop will be Newark and that it also will be looking to put up properties in urban areas as well as suburban towns with downtowns.

BURLINGTON ALLIANCE TO HEAR REPORTS ON TRANSPORTATION AND CONSTRUCTION
Transportation, construction and light rail will be the chief topics at a meeting of the Burlington County Alliance for Action on Friday, March 28, at the Double Tree Guest Suites Hotel, in Mt. Laurel. Business, labor and government leaders are expected to attend the meeting, with registration at 8:15 a.m. and the program at 9 a.m. The Burlington Alliance is one of 13 county affiliates of the New Jersey Alliance for Action, a statewide non-profit, non-partisan coalition which advocates investment in infrastructure for the economy, environment and quality of life of the state. Co-Chairs of the Burlington Alliance are Freeholder Aubrey A. Fenton and Richard A. Alaimo, President of Alaimo Group Engineers. For a detailed program and to register Go Here.

PEOPLE ON THE MOVE
-Mary K. Murphy has been appointed as Executive Director of the North Jersey Transportation Planning Authority. She succeeds Joel Weiner, who retired.
-Lendel Jones was named Director of Government Affairs at New Jersey American Water.
-Nelson Ferriera, CEO of Ferriera Construction, will be honored at the 14th annual dinner of the Branchburg Rotary Club as the Paul Harris Fellow. Others honored at the dinner will include Michael Kerwin of SSP Architectural and Somerset County Freeholder Jack Ciatarelli.
-Joseph M. Sanzari, CEO of Sanzari Companies, will receive the Engineering Impact Award of Newark College of Engineering (now New Jersey Institute of Technology) on March 27 at the Stony Hill Inn, Hackensack.

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