Department of Transportation Awards Facilities Contract to LCOR (June 2023)

NJ TRANSIT approved entering a Development Management Agreement with LCOR to advance the Hoboken Connect transit-oriented development at Hoboken Terminal. The Board also authorized up to $176 million from the NJ Debt Defeasance Fund to support associated public infrastructure improvements.

Document date · June 14, 2023

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $176,000,000 (public infrastructure improvements funding)

Contract type

FACILITIES

Renewal

Development Management Agreement terms not detailed in minutes; future amendments or extensions likely as Hoboken Connect progresses.

Document type

Minutes

Source document

nj-transit-board-minutes-procurement-infrastructure-approvals-jun-14-2023_26e.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Department of Transportation?

LCOR was awarded this facilities contract by Department of Transportation, as recorded on June 14, 2023. The contract value is Not to exceed $176,000,000 (public infrastructure improvements funding).

How much is the LCOR contract with Department of Transportation worth?

The LCOR contract with Department of Transportation is valued at Not to exceed $176,000,000 (public infrastructure improvements funding), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in nj-transit-board-minutes-procurement-infrastructure-approvals-jun-14-2023_26e.pdf (Minutes), dated June 14, 2023 from Department of Transportation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does LCOR hold?

LCOR may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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