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NJ Transit Moves to Maximize Rental Revenue

Ridgewood Train Station

photo by ArtChick

the staff of the Ridgewood blog

Ridgewood NJ, NJ TRANSIT continues its efforts to maximize non-farebox revenue by leveraging prime retail locations at its train stations. NJ TRANSIT is pleased to announce a new retail lease agreement in Newark Penn Station. The new tenant, Top Shelf Wine and Liquor, is located in the Main Concourse of Newark Penn Station between tracks 2 and 3. The ten-year agreement is anticipated to generate more than $2.1 million in non-farebox rent revenue over the span of the lease term.

“Maximizing this non-farebox revenue is a win-win for customers and NJ TRANSIT and it’s consistent with recommendations coming out of the recent independent assessment by The North Highland Company,” said Executive Director Kevin Corbett.  “It provides customers with conveniences and amenities at our stations while also delivering critical funding resources which we can reinvest in our transportation network.”

The store’s design blends the contemporary and historical elements of the station, enhancing the aesthetics of the Main Concourse of Newark Penn Station. Top Shelf Wine and Liquor is owned and operated by Stephen Penn and Kunal Kapoor, who bring more than 30 years of experience in the retail and beverage industries.

In August 2018, NJ TRANSIT’s Board of Directors approved the lease of more than 1,000 square feet of retail space in Newark Penn Station to Starbucks Corporation.  The agreement will provide more than $1.6 million in non-farebox revenue to NJ TRANSIT over the 10-year lease.  Starbucks will also make approximately $750,000 in leasehold improvements.  While providing an additional revenue stream to NJ TRANSIT, customers will enjoy convenience of the nationally recognized brand in Newark Penn Station.

In Fiscal Year 2018, which ended June 30th, 2018, expanded retail leasing opportunities increased annual revenue by more than $800,000.  This included leases at Metropark Station and Secaucus Junction, with tenants performing significant capital improvements at both locations. 

In Fiscal Year 2019, which began July 1st, NJ TRANSIT estimates that property leases will generate more than $8.5 million in revenue.  Overall, NJ TRANSIT’s Real Estate Department estimates that it will generate nearly $50 million in non-farebox revenue in FY19 through property leases, advertising, parking fees and property permits.

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Reader says , “I for one have refused to re-up my permit “

file photo by Boyd Loving

Just four years ago a resident RW parking pass was 700. it jumped to $1,000 two years ago. and Up ANOTHER 30% now is a whopping $1,300/year. That’s an EIGHTY FIVE PERCENT increase for the pleasure of simply parking your car at an over crowded lot if you can find a space. Not to mention the abhorrent state of NJ Transit

Squeezing you’re already over taxed residents because of over bloated and mis-manged budgets and over paid local officials is OUTRAGEOUS.

SHAME on the the Village council.

I for one have refused to re-up my permit

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NJ Transit Service For New Year’s Eve and New Year’s Day

Times Square

the staff of the Ridgewood blog

Ridgewood NJ, On New Year’s Eve, Monday, December 31, trains will operate on a modified weekday schedule (same as December 24, 26, 27 and 28) until 6 p.m. There will be no getaway service. In the evening, extra North Jersey Coast and Morris & Essex Lines trains will operate to New York .Special printable schedules that cover the period from 6 p.m. on New Year’s Eve until 6 a.m. on New Year’s morning will be available at njtransit.com by Friday, December 21. Rail travel information for New Year’s Eve will also be available via the Trip Planner and Station-to-Station features on njtransit.com.

Buses will operate on a modified weekday or holiday schedule with “early getaway” service from Port Authority Bus Terminal and the Jersey City waterfront. There will also be early evening service inbound and extra outbound from PABT after midnight on select routes. Customers are advised to consult timetables or visit njtransit.com/Bus Holiday Service Guide for more details. 

Hudson-Bergen and Newark Light Rail, and the River Line will operate on a regular weekday schedule. River LINE will run extended service every 30 minutes. The last River LINE train out of Camden due to the Philadelphia fireworks will be approximately 12:45am, the train will run as far north as necessary. Specific trip information will be available on njtransit.com.

IMPORTANT NOTE:  NJ TRANSIT is prohibiting all beverages on all of its trains, light rail vehicles and buses on Monday, December 31, 2018, and the early morning hours of Tuesday, January 1, 2018. This policy will be strictly enforced.

After midnight (early January 1), additional late-night trains will operate on all lines until approximately 5 a.m. Some trains that normally depart New York/Hoboken/Newark between 11:30 p.m and 1:30 a.m. are cancelled and will be replaced with later trains.  After 5 a.m., trains will operate on a weekend/major holiday schedule after. Customers should visit njtransit.com for details, including special printable schedules that cover the period from 6 p.m. on New Year’s Eve until 6 a.m. on New Year’s morning (which will be available by December 21). Expanded bus service will be provided from the Port Authority Bus Terminal (PABT) until approximately 2 a.m. Some routes will be departing from alternate areas within the PABT. Visit njtransit.com/Bus Holiday Service Guide for specific schedule details and departure gate assignments.

On New Year’s Day, Tuesday, January 1, after 5 a.m., trains will operate on a weekend/major holiday schedule.  Bus service will vary by route. River LINE will operate on a Sunday schedule. Newark Light Rail will operate on a Saturday schedule. Hudson-Bergen Light Rail will operate on a weekend schedule.  Bus service will vary by route. Customers are advised to visit njtransit.com for details. 

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Reader says , “Ridgewood and other suburbs survive due to their proximity to a major city”

Ridgewood and other suburbs survive due to their proximity to a major city. Without that income coming back those suburds quickly wither.

RW has done everything it can to force Wall Street and other high paying commuters to find a different town. From ridiculous parking fees and non availability for residents to awful traffic congestion when a train comes in. Does anyone believe that this town survives without NYC workers living here ?

Come spring we are out. We will avoid large NJ state taxes, a expensive commute that just keeps getting worse, and gain back some time.

Do the math. 40k in property taxes, 2500 annual to park, 7-11% state income tax, and almost 4000 annual for NJ transit

Good luck as you lose more NYC workers

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Rockland/Coach bus service blasted at Woodcliff Lake Meeting

Portauthority_theridgewoodblog

the staff of the Ridgewood blog 

Woodcliff Lake NJ, Assemblywomen Holly Schepisi  relays her thoughts on improving Rockland/Coach bus service. I have used the service in the past and while the drivers are professional the company demonstrates a complete lack of interest in servicing North Jersey commuters and as a long time commuter I would rate the service as TERRIBLE at best . It is often incomprehensible how poor the service actually is. Its odd because Coach that runs the service from the Ridgewood Park and Ride does a far better job than Rockland and Rockland is  just a division of the same company COACH USA.

Assemblywomen Holly Schepisi :

Last night, I, Carlos A. Rendo Mayor-Woodcliff Lake, NJ, Councilwoman Jacquie Gadaleta, Catherine Best from Congressman Gottheimer’s office, Borough Administrator Tom Padilla, Woodcliff Lake resident commuters and representatives from Rockland/Coach USA met to discuss ways to improve bus service for our residents. Over the past several months we have received numerous complaints regarding the reliability of bus service from our area into the Port Authority as well as the failure of Rockland/Coach USA to properly communicate with commuters regarding interruptions in service.

During last evening’s meeting, Rockland’s new general manager and Executive Vice President acknowledged these issues and discussed immediate action plans to remedy the service and communication problems. 30 new longer buses have been acquired by the Company, increasing the number of seats on these buses to 59 passengers from the previous 47. This should help with the issues of no seats for last pick up areas such as Woodcliff Lake. 5 “gap” buses are currently in training to fill in if a bus becomes disabled or a driver doesn’t show up to work. In January the Company is planning to start a new bus originating in Woodcliff Lake during the height of the rush hour to ensure adequate seating for its customers.

With respect to lack of communication, Rockland is exploring new apps which could provide real time alerts to commuters in the event of a delay or change in bus schedule. Dispatchers are being trained specifically to address customer service issues and a full time manager is now on site at the Westwood bus depot to oversee operations.

While we all acknowledge these problems will not be fixed overnight, the steps being taken by the Company appear to be a step in a positive direction. We have agreed to meet as a group again at the end of January beginning of February to evaluate the changes made between now and then. Should you encounter any commuter difficulties over the next 6 weeks while on Rockland buses please reach out and let us know so that we may bring it to the Company’s attention.

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Most NJT Midtown Direct trains will be diverted to Hoboken Staring July 10th

Ridgewood-Trainstation1_theridgewoodblog

June 19,2017

the staff of the Ridgewood blog

Ridgewood NJ, Because of Amtrak’s work this summer, the overall rail service plan for customers who will be traveling into Penn Station New York and Hoboken Terminal from July 10th – September 1st is as follows and will be in place continuously:

◊    Nearly all weekday Midtown Direct trains will be diverted to Hoboken except for the following four early morning trains, which will be operating into New York: Trains 6602, 6604, 6696 and 6306. All weekend Midtown Direct trains will operate directly into Penn Station NY.

◊    All Northeast Corridor, North Jersey Coast Line, Raritan Valley Line and Midtown Direct trains on the Montclair-Boonton Line will operate on regular weekday schedules with minor time changes to/from Penn Station NY.

◊    Main/Bergen, Pascack Valley and Port Jervis Lines will operate on regular weekday schedules, however, customers may need to adjust their connections to New York at Secaucus.