NJ: $250M Redevelopment Funding for Walter Rand Transportation Center

On February 17th, Governor Murphy, Congressman Norcross, Senate President Sweeney together with local and county officials announced $250 Million for the redevelopment of the Walter Rand Transportation Center (WRTC) in Camden, NJ. This will be the center’s first major renovation since opening in 1989.

The WRTC Improvement Project will upgrade and enlarge the existing facility and accommodate future transit development and the potential for new retail, office, housing and hospitality opportunities utilizing Transit-Oriented Development (TOD) design standards.

The project will ultimately replace the existing facility with an expanded multi-purpose transit center that in intended to provide an improved link for transportation in South Jersey and serve as an interlink to between the NJ Transit bus system, and the light rail systems of PATCO and the River Line.

It has been reported that NJ TRANSIT plans to issue an RFP from qualified professional firms to conduct Conceptual Design, Preliminary Engineering, Final Design Engineering, and Construction Assistance for the WRTC Improvement Project.

Duane Morris has an active team of lawyers who engage in the public-private partnership (P-3) space where State based incentives are often critical to the success of a project.  

If you have any questions or thoughts, please contact Brad A. Molotsky, Mike Barz, Paul Josephson, Sheila Slocum Hollis, or any of the Duane Morris lawyers you regularly engage with.

Be well and stay safe.