State Superior Court Judge Thomas Olivieri last week said he needed additional information before ruling on a request by the Bayonne Local Redevelopment Authority to dismiss a lawsuit that the port authority has filed against the BLRA.
Bayonne had agreed to sell the tract, part of the old Military Ocean Terminal Bayonne, to the port authority for $50.5 million last September. Bayonne later killed the deal, saying the meeting where it had been approved was improperly advertised under a New Jersey “open meetings” law, and voted to sell the property instead to Ports America which bettered the port authority’s offer, paying $90 million for the property.
The port authority sued Bayonne, Ports America, and several other companies that made bids for the property after it had reached its original deal to buy the land.
Bayonne attorney Jay Coffey said the authority will proceed with demolition work on the property, removing buildings built in the 1930s and 1940s, saying the land need to be prepared before a terminal can be developed, no matter who ends up with the parcel.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now