The Port Authority Board of Commissioners approved a lease with the City of Bayonne for a parcel of property at the Port Jersey–Port Authority Marine Terminal, formerly the Military Ocean Terminal at Bayonne, that will allow Bayonne to launch a new commuter ferry service to New York City to enhance trans-Hudson commuting options for its growing residential population.
At its monthly meeting, the Board approved a 10-year $2.6 million lease with the City. The Board also approved a 10-year extension option for the property, subject to the Port Authority’s consent.
The lease will allow the City of Bayonne to enter into an operating agreement with a passenger ferry operator in support of ferry service between Bayonne and New York City. The service is expected to serve The Peninsula at Bayonne Harbor, a growing residential development located near the planned ferry landing. The City will operate and maintain the ferry landing.
“Expanding options for the growing population of commuters along the Hudson River waterfront is a critical part of this agency’s commitment to keep the region moving,” said Port Authority Chairman Kevin O’Toole. “Today’s action will allow us to take an underutilized piece of port property and partner with the City of Bayonne to support much needed trans-Hudson service connecting people to their jobs, families and homes.”
“This lease is in line with our recently completed Port Master Plan, which looks to maximize existing port property to allow for the efficient movement of people and goods over the next 30 years,” said Port Authority Vice Chairman Jeffrey Lynford. “This lease will not impact existing or future seaport operations but will allow us to work hand-in-hand with an important host community to improve transportation options for its residents.”
“We are very excited about the return of ferry service to Bayonne,” said Bayonne Mayor Jimmy Davis. “The ferry will provide a convenient commute between Bayonne and New York City, and will make Bayonne a more attractive location for commuters. The return of ferry service is yet another sign that Bayonne is making great progress.”
The new ferry facility is expected to benefit The Peninsula at Bayonne Harbor residential development, which has 750 residential units constructed, 1,200 units under construction and an additional 2,500 units planned. In total, the City of Bayonne projects upwards of 4,000 plus residential units completed within the next three years.
To access more business news, visit NJB News Now.Related Articles: