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O’Toole Hold Encap Hearings Now
By wmurrayO’Toole Hold Encap Hearings Now
Senator Kevin O’Toole, R- 40, called on Senate President Richard Codey to immediately convene hearings on the EnCap development of former landfill sites in the Meadowlands:
"The conclusions in the Inspector General’s report are beyond disturbing."
"It’s important that the facts come out, and I call again for Senate President Richard Codey to immediately convene hearings ofthe Senate Budget & Appropriations Committee on how taxpayer money was used to finance this project, as my colleagues and I have requested repeatedly in the past."
The Inspector General’s report says that its review "revealed significant misrepresentations of qualifications and financial support on behalf of the private entity contracted to perform remediation and redevelopment of the Meadowlands project."
Taxpayers stand to lose $51 million because the state backed $217 million in loans for the project without insisting that the developer provide proper collateral.
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Quote of the Day
"Please. I wouldn't have enough paper. So let’s not even bother writing one. This is now about governing. I won. The one thing I could never understand about people in politics was winners who are sore winners." -- Gov.-elect Christopher Christie, on putting together an enemis list.
“He’s a nice man with good intentions, but in the end he’ll be remembered for timidity. Being a business titan and issuing orders from the corner office is a lot different than having to cajole and persuade people in politics and having the toughness and fortitude to see your vision become reality.”-- Ross K. Baker, a political scientist at Rutgers University, on Gov. Jon Corzine.
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