The Gold Coast River Bank?

From the WSJ:

Comeback for Harrison, N.J.

The town of Harrison, N.J., has long offered its residents a friendly, diverse and safe community; easy access to Newark, Jersey City and Manhattan; and relatively affordable wood-frame houses on quiet streets.

“I just like the general feeling of being able to walk around the streets, talk to people,” says the mayor, James Fife, who moved in 1966 to Harrison, a Hudson County town of about 14,000 people situated across the Passaic River from Newark. “You know your neighbors. It’s a nice little town.”

But the little town is growing. The once-industrial community is in the midst of a major redevelopment, with about 700 new residences as well as hotels and retail establishments opening downtown and construction of a new, $256-million PATH station. The Red Bull Arena, home to a Major League Soccer team, opened in 2010. More housing and retail construction is under way.

Town leaders and developers are optimistic that the changes will revitalize Harrison. Once known as “the beehive of industry,” the town’s population of 14,000 ballooned to 90,000 each workday in the mid-20th century. But after its large manufacturers relocated to other states, the town suffered from decades of neglect, with rising taxes and shrinking services.

“We were left with big, hulking buildings and not too much revenue,” says Mr. Fife, who took over stewardship of the redevelopment projects from his predecessor, Raymond McDonough, who died earlier this year.

The plans have been more than a decade in the making, but were slowed by the Sept. 11, 2001, attacks and the economic recession. “It’s taken a while, but now we seem to be moving in a positive direction,” Mr. Fife says.

Developers say they are drawn by the town’s location along the PATH line, offering residents a quick commute to job hubs in Newark, Jersey City, Hoboken and Manhattan, as well as the existing urban infrastructure.

This entry was posted in Demographics, Economics, Housing Recovery, New Development. Bookmark the permalink.

41 Responses to The Gold Coast River Bank?

  1. WickedOrange says:

    Path Fares Going Up
    FRIDAY, 26 SEPTEMBER 2014 15:05 WALTER ELLIOTT
    – See more at: http://localtalknews.com/newark/community/1856-path-fares-going-up.html#sthash.nhwWUwQp.dpuf

    A regular one-way ride on the PATH train from Newark Penn Station, come 3 a.m. Oct. 1, will once again become more expensive than a ride on the MTA New York City Subway.
    The Port Authority of New York and New Jersey will be hiking the regular one-way and two-trip PATH MetroCards from $2.50 and $5 to $2.75 and $5.50. PATH Single Ride cards will remain $2.75.
    The last time a “Hudson Tube” ride was more expensive that an NYCTA ride was in 1957-66.
    The Interstate Commerce Commission allowed the then-Hudson & Manhattan Railroad to hike its fare to 20 cents. The NYCTA, across the Hudson River, had been 15 cents since 1953 and would see an increase to 20 cents in 1966.
    When the PA was turning the H&M into the Port Authority Trans-Hudson line in the 1960s, the ICC approved an increase to 30 cents. The subways, once under the MTA umbrella in 1970, received boosts to 30 cents then and 35 cents in 1972.
    The MTA meanwhile plans to increase its base subway, Staten Island Railway and local bus fare four percent to $26.0 sometime next year. Another four percent hike, for an estimated $2.70 base fate, is set for 2017.
    PA officials bridle when any PATH/NYCTA Subway comparisons are made.
    The systems are on two different scales. PATH has 13.8 route miles of track linking its 13 stations. The NYCTA subways have 466 stations and 232 route miles.
    They also point to an Aug. 26 National Transit Database survey showing that it costs the PA three times more to run PATH than the MTA’s subways. The survey found that it costs the PA $525.67 an hour to run PATH; the MTA $199.17 an hour for its subways.
    The NTD report cites PATH compliance, as an interstate carrier, to Federal Railroad Administration regulations and a $100 million annual subsidy from the PA for its higher cost.
    The $2.75 per PATH ride is the topping out of a four-year fare and toll hike plan approved by Govs. Chris Christie and Andrew Cuomo plus the PA board in 2011. The base fare from $1.75 was raised in 25 cent annual increases until now.
    The increases are to fund three major projects and 71 smaller ones as part of an overall 10-year, $3.3 billion capital plan, including:

    – Replacing the 1937 Harrison Station.
    – Modernizing Jersey City’s Grove Street Station.
    – Extending PATH two miles south to NJTransit’s Newark Liberty International Airport Station. That project alone is to cost an estimated $1.3 billion.
    Those wanting to avoid the PATH hike by hitting the road will find no escape. The PA has planned toll hikes for all six of its Hudson River and Staten Island tunnels and bridges for Dec. 1 this year and 2015.
    PATH’s SmartLink cards, whether they be per-trip or “unlimited” day passes, are also going up.
    SmartLink 10-trip cards will now cost $21, 20-trip cards $24 and 30-trip cards $84. SmartLink’s unlimited single day passes will go up to $8.25, seven-day passes $29 and 30-day passes $89.
    Please note that existing two-trip PATH MetroCards and SmartLink cards that are in use or purchased before 2:59 a.m. Oct. 1 will be useful until their cards’ time limits or card life (printed on MetroCards’ backs) expire.
    – See more at: http://localtalknews.com/newark/community/1856-path-fares-going-up.html#sthash.nhwWUwQp.dpuf

  2. WickedOrange says:

    Here’s The Most Expensive Place To Buy A Home In Every State
    http://www.businessinsider.com/house-values-map-2014-9

    Tenafly… really? Well that should keep the riff raff out.

  3. WickedOrange says:

    On a side note, my wife is friendly with the nanny of the nanny of an Alpine family.

  4. joyce says:

    My guess is he won’t see any jail time since thankfully the driver survived. So grateful the lawyers/courts have said the only thing that matters is “what the officer perceived at the time” … regardless if his/her perception has any basis in reality. Also, this standard only applies to the costume wearers.

    Pigs love Joyce says:
    September 25, 2014 at 11:37 am
    Joyce one for you.

    http://youtu.be/RBUUO_VFYMs

  5. Libturd at home says:

    The focus on the costs of collegiate sports is a diversion to the real problem. That is the continued drop in support from the state. If Rutgers wins in football, then the program becomes a money maker. If it loses (which it tends to) then it becomes a cost. Their c0ach is by far a bargain. It also explains why a kid from NJ scored the winning touchdown for Penn State in the biggest game Rutgers has played since Louisville in 2006.

  6. Libturd at home says:

    The focus on the costs of collegiate sports is a diversion to the real problem. That is the continued drop in support from the state. If Rutgers wins in football, then the program becomes a money maker. If it loses (which it tends to) then it becomes a cost. Their c0ach is by far a bargain. It also explains why a kid from NJ scored the winning touchdown for Penn State in the biggest game Rutgers has played since L0uisville in 2006.

  7. Libturd at home says:

    The focus on the costs of collegiate sports is a diversion to the real problem. That is the continued drop in support from the state. If Rutgers wins in football, then the program becomes a money maker. If it loses (which it tends to) then it becomes a cost. Their c0ach is by far a bargain. It also explains why a kid from NJ caught the winning touchdown for Penn State in the biggest game Rutgers has played since L0uisville in 2006.

  8. Libturd at home says:

    Sorry for the multiple posts, not that many read the blog on the weekend. Thought I was in Mod.

  9. anon (the good one) says:

    @stiglitzian:
    Stiglitz: “Austerity has been an utter and unmitigated disaster.”
    http://t.co/Chqte74Qt1

    “Austerity has failed. But its defenders are willing to claim victory on the basis of the weakest possible evidence: the economy is no longer collapsing, so austerity must be working! But if that is the benchmark, we could say that jumping off a cliff is the best way to get down from a mountain; after all, the descent has been stopped.”

  10. anon (the good one) says:

    “Viewed in these terms, austerity has been an utter and unmitigated disaster, which has become increasingly apparent as European Union economies once again face stagnation, if not a triple-dip recession, with unemployment persisting at record highs and per capita real (inflation-adjusted) GDP in many countries remaining below pre-recession levels. In even the best-performing economies, such as Germany, growth since the 2008 crisis has been so slow that, in any other circumstance, it would be rated as dismal.”

    “All of the suffering in Europe – inflicted in the service of a man-made artifice, the euro – is even more tragic for being unnecessary. Though the evidence that austerity is not working continues to mount, Germany and the other hawks have doubled down on it, betting Europe’s future on a long-discredited theory. Why provide economists with more facts to prove the point?”

  11. Ben says:

    I’m not sure why people are up in arms about RU athletics. The state has continually reduced the money it sends to the school while they have jacked up tuition. Seems like the kids that go there are the ones paying for it at this point. Isn’t that what most people yearn for? The trend towards privatization?

  12. Juice Box says:

    Anybody going to the Noter Dame c use game tonight?

  13. WickedOrange says:

    RE:13 yep on my way.

  14. joyce says:

    Ben / others,
    I dk any of the numbers so I’m not debating just asking. Has the state aid gone down in percentage or absolute terms?

  15. Ragnar says:

    Stiglitz: borrow and spend plus devaluation can make us all rich. If it doesn’t work, it’s the fault of the people who didn’t do it twice as hard.
    They give prizes to people who write this sh1t.

  16. Ben says:

    Joyce, both. Corzine destroyed RU funding and it never came back.

  17. Ben says:

    Stiglitz: “There’s no danger in Greece defaulting”.

  18. Ben says:

    If I remember correctly, Corzine cut aid to RU by $66 million.

  19. Gotta figure Rutgers is close (or soon will be close) to a point where it makes sense to shut down the football program.

  20. Somebody sure took a beating on Schiano’s old house.

    Trying to stop thinking that one of the butts that got kicked in that mess was mine.

    Who coulda foreseen that building the most expensive house in the township, for a guy likely to leave, then holding the note in a deal that goes beyond “sweetheart” might go wrong?

  21. Then again, gotta applaud Rutgers for paying 5-figure speaking fees to Snooki and JWoww.

    I think I’d rather listen to Louis Farrakhan for 12 hours straight without being allowed a bathroom break.

  22. Fast Eddie says:

    See this one? It started at 704K, now at 619K. It’s stuffed onto a small property with 17.5K in taxes. Of course I was in and it isn’t that well kept. Pay the taxes, chump.

    http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1436530&openhouse=true&dayssince=&countysearch=false

  23. Fast Eddie says:

    Oh and do you love the picture of the agent on a phone from 1985? Beautiful, isn’t it?

  24. Fast Eddie says:

    What the f.uck is that monstrosity by the pool? It looks like bleachers at a little league game. Is this an ink blot test? Did I pass?

    http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1429474&openhouse=true&dayssince=&countysearch=false

  25. Fast Eddie says:

    Words can’t describe the decibel level coming from the Parkway on this one. It will make you forget the pain you experience when you walk through it. And, the house sits in a swamp. You wanna be offended? Go see this one.

    http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1422699&openhouse=true&dayssince=15&countysearch=false

  26. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [26] eddie

    “Yeah, right! LOL! And I b.anged a supermodel.”

    Not entirely beyond reason. I married a former NYC runway model.

    Full disclosure: this requires some linguistic legerdemain. My wife once moonlit at Macy’s. They were putting on a bridal fashion show and needed models, so she was recruited. Later, when I said I was dating a former NYC runway model, she gave me a strange look and I said “didn’t you tell me that you once modeled in a fashion show?” She answered yes. “And was there a runway?” I asked. Again, yes. “And was this in New York City?” I asked. Yes, she said. “Ergo, you were once a NYC runway model: You modeled, on a runway, in NYC, and you were paid for your time.” So I can say, with accuracy, I married a former NYC runway model.

    So the idea that Eddie nailed a supermodel is plausible–she might not have been one at that time.

  27. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [28] redux,

    Of course, now that I disclosed that, JJ will probably tell me he nailed her back then.

  28. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [27] eddie,

    I love the rattan Huey Newton chair in the second or third photo. I think I threw one of those away after college, back in the mid-80’s.

  29. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [25] eddie

    That monstrosity is a solar panel to heat the pool. I am considering one myself but unlike this guy, I have the land for it.

    That had to be one of the most eclectic places you’ve posted. Nothing in that house goes together. The front and back even look like different houses. And don’t get me going on the color scheme.

    Of course, the explanation for such bizarre taste is easy–See the BU logo? Enough said.

  30. Libturd at home says:

    I found the chandelier hanging from a track the true sign of design genius.

  31. Fast Eddie says:

    You really need to see these gems to appreciate them. Hey, they want top dollar! That specify what currency but they’re gonna get their price?

    Nom, a runway model. Nice. You guys should escape without anyone knowing where you went. You know, you’re gonna run away with a runway model and you say that you ran away with a runway model. Throw in a swim session and you can claim that you swam away with a runway model, as well. Sounds like a Marx Brothers movie in the making. :)

  32. Fast Eddie says:

    That = They didn’t. Oy!

  33. Fast Eddie says:

    And all those links above are open houses today. The other garbage that’s not open claims to be exclusive sh1t. (barf….)

  34. 30 year realtor says:

    #28 & 31 – I used to have the listing on that horrible house in Hillsdale. Owner is a former real estate agent. I told her more than a year ago that the price started with a 5, not a 6. She bought another house and moved out more than a year ago. Still won’t drop the price. Go figure.

  35. 30 year realtor says:

    correct that, 25 & 31

  36. grim says:

    What the f.uck is that monstrosity by the pool?

    I believe that’s what they generally refer to as the house.

  37. Essex says:

    Who’s that woman on your arm
    All dressed up to do you harm
    And I’m hip to what she’ll do,
    Give her just about a month or two.

    Bit off more than I can chew
    And I knew what it was leading to,
    Some things, well, I can’t refuse,
    One of them, one of them the bedroom blues.

    She delivers right on time, I can’t resist a corny line,
    But take the shine right off you shoes,
    Carryin’, carryin’ the bedroom blues.

  38. I feel like we should start a collection for Gary, just to pay his gas money to see open houses.

  39. Maybe we should start a collection for all the schmucks who own these live-in turds next to the Parkway.

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