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Thursday, May 17, 2007

Bits & Briefs

$106M vote of confidence for Downtown
The Journal reports that 30 and 2 Montgomery Street have sold for $106 Million dollars and will be replaced with a massive office, retail, and residential complex similar in scope to the Time Warner Center. (via Wired Forum)

30 Montgomery Street(right side of below photo), a 15 Story tower built in the early 1970s houses professional and city offices. 2 Montgomery Street (left) is across the street from the Exchange Place light rail station and a half block from the PATH.



Agency Might Replace Bridge and Tunnel Tollbooths With Cashless System
The Times reports that the Port Authority may switch their toll collection system to all EZPass. Such a move should reduce Holland Tunnel Congestion that blocks north-south traffic between Jersey City and Hoboken as well as allow an easier transition to congestion pricing.

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