New Jersey: Atlantic City Water Works Won’t be Sold
12/20/2017
ATLANTIC CITY, N.J. (AP) — New Jersey officials say Atlantic City’s water utility will not be privatized.
Former U.S. Sen. Jeff Chiesa (Key-EH’-sah) said Wednesday the state will not seek to sell the utility.
There had been speculation that the state, which had seized control of Atlantic City’s assets and major decision-making power a year ago, would try to sell the water works to help pay down the city’s debt.
Chiesa said he became convinced of the utility’s importance to Atlantic City.
Republican Gov. Chris Christie’s administration took over Atlantic City’s finances in November 2016, saying the city wasn’t making the hard choices needed to tame its finances.
Incoming Gov-elect Phil Murphy, a Democrat, has promised to end the takeover.
Related News
From Archive
Sign up to Receive Our Newsletter
- OSHA issues 16 citations following fatal sewer confined space incident
- 27 pipeline safety violations tied to deadly Pa. chocolate factory explosion
- Contractor gas line strike triggers home explosion in Missouri
- LA recovery reports call for $650 million power line burial, major utility upgrades in Pacific Palisades
- Comprehensive microtrenching FAQ: Key insights on the Vermeer MTR516 microtrencher
- T-Mobile to expand fiber broadband infrastructure footprint with $4.9 billion Metronet acquisition
- First tunnel boring machines complete testing for Hudson Tunnel Project
- NWPX grows water infrastructure portfolio with Colorado precast facility
- Cityside launches $100 million fiber build in Corona, Calif.
- FiberLight to build 1,400-mile West Texas dark fiber network in $350 million expansion
Comments