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The New Jersey Economic Recovery Act Of 2020: An Overview Of The New Jersey Aspire Program | Greenbaum, Rowe, Smith & Davis LLP


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The New Jersey Economic Recovery Act of 2020 (ERA), a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships, and numerous other economic development initiatives, was signed into law by Governor Phil Murphy on January 7, 2021.
This Client Alert focuses on the New Jersey Aspire Program, enacted as part of the ERA to provide tax credit incentives to developers to help close project financing gap costs associated with commercial, mixed use, and residential real estate development projects that could otherwise prevent those projects from becoming a reality. The Aspire Act is poised to serve as the replacement program for the Economic Redevelopment & Growth (ERG) Program. ....

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It's official: FTA funds Portal North Bridge Project - Railway Track and Structures


The Federal Transit Administration has awarded a key grant to the Portal North Bridge Project.
The U.S. DOT’s Federal Transit Administration (FTA) announced a $766.5 million Capital Investment Grant (CIG) agreement with New Jersey Transit Corporation (New Jersey Transit) for the Portal North Bridge Project in Hudson County, N.J. The project will improve the reliability of commuter rail service between New Jersey and New York by increasing capacity and reducing bridge maintenance expenses of the 100-year old bridge.
“This $766.5 million federal grant agreement will greatly improve the reliability of commuter rail and Amtrak service for thousands of passengers traveling through the Northeast Corridor, one of the busiest rail lines in the nation,” said U.S. Transportation Secretary Elaine Chao. ....

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Nationally Renowned Insurance Recovery Group Led by Policyholder Champion Robin Cohen Launches New Law Firm


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One of the nation’s most successful and longest-established insurance recovery practices, led by noted policyholder advocate Robin Cohen, is launching its own law firm. Cohen Ziffer Frenchman & McKenna opens with over 20 lawyers and staff, many of whom have worked together for more than 20 years at prestigious litigation firms, recovering billions of dollars for policyholder clients and securing landmark judicial rulings. The firm will be based in New York and expects more lawyers to join in the coming months.
Cohen most recently led the insurance recovery practice at trial firm McKool Smith, where she worked alongside her longtime partners Adam Ziffer, Kenneth Frenchman and Keith McKenna. The group has earned a national reputation as fierce advocates for policyholders in high-profile disputes against insurance companies with the biggest monetary stakes. Among other victories, the team earned ....

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