2023 Power 100
2023 Power 100
In June, Coscia received the Industry Service Award from NAIOP New Jersey, and it’s not hard to see why. He’s a partner at Windels Marx – the firm he’s been with for nearly 40 years and where he’s a member of the Executive Committee. In that work, he focuses on corporate, commercial and real estate matters, concentrating on the financial side of things.
In May, he was renominated to a third term as chairman of Amtrak by President Joe Biden, and he serves as a commissioner and vice chair of the Gateway Development Commission, putting him – one of the effort’s biggest proponents – squarely in the middle of the biggest infrastructure project in the U.S. After years of fits and starts, federal funding for the Gateway project is finally moving. Earlier this year, Biden announced a $292 million Mega Grant to Amtrak that will fund an early phase of the Hudson Tunnel Project — overall a more than $16 billion investment that officials anticipate will create 72,000 direct and indirect jobs.
And according to a statement from Coscia and his fellow Gateway commissioners, “With President Biden’s support and tireless work, Gateway will start active construction this year to deliver a more reliable, climate-resilient, 21st Century rail link for the region and the nation.”
It’s a point in time that, not too long ago, seemed might never be reached. When the Portal North Bridge celebrated its groundbreaking in August, Coscia touched on that sentiment. “Having shovels in the ground means that the planning and talking are over,” he said, “it’s time to build state-of-the-art infrastructure and make rail travel more reliable to the region’s train travelers.”