Gov. Phil Murphy has intervened in a row between the city of Hoboken and a commuter ferry company over the future of a three-acre shipyard the company owns on the city’s waterfront.
NY Waterway wants to put a maintenance shop on the site, but Hoboken would prefer to transform it into a park. The city had threatened to take the property via eminent domain if the ferry company turned down its offer to purchase the site for $11 million. The dispute was further complicated by an offer from NJ Transit to buy the property and lease it back to NY Waterway.
Hoboken mayor Ravi Bhalla yesterday thanked the governor “for his willingness to put the brakes on the situation and allow the stakeholders to have meaningful discussions to work out a compromise.”
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