Gov. Phil Murphy signed into law Monday a bill requiring New Jersey Transit to conduct a feasibility study on restoring the one-seat ride from the Raritan Valley Line to New York City.
The report will be required to include findings concerning why service was initially suspended, historical and expected ridership for the direct rail service to New York City; action that NJ Transit would be required to take in order to provide the service; the amount of time those actions are expected to take; the cost to provide the service; and any factors that may delay or increase the cost of providing the service.
The Regional Plan Association conducted a study on the impact the one-seat ride service into Manhattan has on the towns surrounding the rail line, which revealed those municipalities are more desirable and see increases in their residential property values.
These towns benefit from workers traveling through as well; salaries for jobs in Manhattan are 60 percent higher than the same jobs in New Jersey. This consumer spending correlates to strong local economies with healthy business districts and attracts new businesses to these towns.
Sen. Nicholas Scutari, D-22nd District, and Sen. Tom Kean Jr., R-21st District, sponsored Senate Bill 3574, which requires NJ Transit to prepare and submit a report detailing the findings of the study within six months of enactment.