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Power 100: N – Z

Power 100: N – Z
Philip Norcross
Law firm Parker McCay and lobbying firm Optimus Partners might represent the epitome of the politically connected firms – if the news headlines and government watchdogs are to be believed. Philip, an executive at both, is the nexus of those connections. That became evident in 2019, when activists and a task force put together by the Murphy administration outlined Optimus’ and Parker McCay’s alleged influence over the creation of the 2013 tax break program, and in helping businesses win lucrative incentive awards. Philip is the brother of both George Norcross, the South Jersey political kingmaker, and Donald Norcross, a U.S. congressman representing the First Congressional District. With the creation of a new massive tax break legislation, Trenton insiders have been speculating about just what kind of role Philip could play in helping businesses win incentives. ....

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U.S. Reverses Guidance That Impeded Funding for Hudson Rail Tunnel

U.S. Reverses Guidance That Impeded Funding for Hudson Rail Tunnel
02/16/2021 | 05:36pm EDT
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By Ted Mann
WASHINGTON The Transportation Department on Tuesday rescinded a Trump administration opinion that had effectively blocked federal funding for a new rail tunnel under the Hudson River linking New Jersey and New York City.
The DOT s Federal Transit Administration rescinded guidance issued in 2018, which effectively blocked project sponsors from counting funds borrowed from federal programs as part of the local share of a project s financing.
New York and New Jersey have pledged $5.5 billion toward the $13 billion cost of the tunnel, but planned to borrow those funds from low-cost federal loan programs and pay them back over time. ....

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Troubled water: Signing the Portal North Bridge lie doesn't make it legal

Even as Secretary of Transportation Elaine Chao resigned Thursday over Donald Trump’s mob attack on Congress (her hubby is Senate Majority Leader Mitch McConnell) her Federal Transit Administration was pumping out money for projects, with Phoenix, Indiana and Kansas City scoring hundreds of millions in grants Wednesday, Thursday and Friday. ....

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Fears emerge over fate of Gateway following Cuomo-inspired report

NEW YORK It was almost two years into President Donald Trump’s term when Gov. Andrew Cuomo descended beneath the Hudson River to tour the decrepit rail tunnels that connect New York and New Jersey.
In a video he would later send to the White House, Cuomo made one plea: fund the Gateway project, a $13 billion proposal to build a new crossing under the river and repair the existing tunnels, which were severely damaged by Superstorm Sandy.
“It is probably the critical infrastructure issue facing not just New York and New Jersey, but literally the entire Northeast,” Cuomo said in the video, which did nothing to remove Trump’s blockade of the project. ....

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