Mayor Baraka seeks to maximize Port Newark revenues and uses to benefit City taxpayers on January 21, 2016, at 10:00 a.m., in a meeting and site tour with Deputy Mayor of Economic and Housing Development Adofo-Wilson. The Port Newark Property in question was used for developing maritime uses, including container and automobile container use and bulk cargo use, among others.
Newark, NJ -- Mayor Ras J. Baraka and Deputy Mayor of Economic and Housing Development Baye Adofo-Wilson announced the City is reaching out to private entities to identify ways to maximize the use of revenue is used from the Newark Port. Today, the City of Newark released a Request for Expressions of Interest and Information (RFEII) for Maximizing Economic Benefits from city-owned Port Newark. Port Newark has an estimated value of approximately $700 million, and the City of Newark believes this property has been underutilized and will benefit from the possibility that a private owner will better leverage its use.
Mayor Baraka stated, "We are looking at almost 1,000 acres of prime real estate in the City, and we want to ensure that the use of the port is maximized with the best and most profitable use for Newark and its residents." "While we are not tied to any specific undertaking at this time, we are interested in the ideas that will be brought out during this process. We are especially mindful of the fact that as container traffic continues to grow, the Port will grow exponentially. This could mean tax relief for Newark citizens as well as jobs."
"As the City progresses and witnesses burgeoning economic development, we are hoping to expand best use practices with underdeveloped areas," added Deputy Mayor Adofo-Wilson. "There are almost 350 acres of this parcel that are not revenue-producing. A private owner - rather than the City or the Port Authority - may be the best option to allay our concerns for this property."
According to the Baraka administration, the Port Newark Property was first developed by the City and then together with Newark Liberty International Airport. It has been leased by the City to the Port Authority since March 1948. The Port Newark Property is serviced by significant rail assets, including the Conrail Shared Assets, CSX South Terminal Kearny Terminal, Conrail Oak Island Rail Yard, Norfolk Southern Croxton Terminal, NYNJ Greenville Yard Rail and Float, The Chemical Coast Line, The Lehigh Line, and CSX, NS and CR freight lines.
The Request for Expressions of Interest and Information mentions marine terminal operations and warehouse operators as well as real estate developers, and property managers as prospective interested parties in the property.
Interested respondents should note the following:
The RFEII is available to Respondents at www.ci.newark.nj.us/portauthority<http://www.ci.newark.nj.us/portauthority>. An information meeting and site tour are scheduled for January 21, 2016, at 10 a.m. The location will be announced. Attendance must be confirmed to PortNewark@ci.newark.nj.us<mailto:PortNewark@ci.newark.nj.us>.
Respondents must submit ONE original and 15 duplicate responses. The RFEII must be in a sealed envelope, and addressed to Deputy Mayor/Director of the Department of Economic and Housing Development Baye Adofo-Wilson, Room 218, Newark City Hall, 920 Broad Street, Newark, N.J., 07102. The envelope must be postmarked on or before February 16, 2016, no later than 4:00 pm EST. Submissions will be accepted in person either by hand delivery, by overnight courier, or by United States mail. No bids will be received by oral communication, telephone, electronic mail, telegraphic transmission or facsimile transmission. Late submissions will not be accepted.
Sealed response to the RFEII should be marked with Respondent's name and address on the outside and with the words "Expressions of Interest and Information - Port Newark Property". All submissions will be dated and time recorded by the City. The City will not be responsible for the loss, delay or non-delivery of any response to the RFEKK sent or delivered by mail or otherwise.
The City of Newark stresses that this is not a Request for Qualifications (RFQ), a Request for Proposals (RFP), nor an offer, invitation or advertisement for bids. Responses to this RFEII will not lead directly to a contractual relationship between any of the Respondents and the City. The City reserves the right to use, adopt or incorporate and recommendations presented in response to the RFEII in the development of a strategy to achieve the City's stated objectives - to maximize the revenue capable of being derived from the Port Newark Property. The City, in its sole discretion, will subsequently determine whether to sell the property, procure a management contractor undertake any other transaction to achieve its objectives, all in accordance with applicable laws.
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