Toll hikes not listed on recently released agenda

HOLMDEL, NJ - The just released agenda for the April 28th NJTA meeting has no mention of planned toll hikes. The plan to move forward on the toll hikes has been criticized by numerous elected officials as inappropriate for discussion during the pandemic.

The matter may still come up.

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The public can comment on this or any topic. The meeting will be by phone only, begins at 9AM. A public comment period is listed on the agenda. Anyone can call in to the meeting from home as follows:

Members of the public who wish to attend telephonically, but not comment, may do so by calling 1-800-346-7359 Conference Entry Code: 487219 commencing at 9:00 a.m.  Members of the public who wish to attend telephonically, and intend to comment during the public comment period, may do so by calling       1-800-346-7359 Conference Entry Code: 587723 commencing at 9:00 a.m.  A non-public dial in number will be used by the Board of Commissioners for the executive session portion of the meeting that is closed to the public in accordance with the OPMA at N.J.S.A. 10:4-12b.

One agenda item is the naming rights of the Arts Center. PNC Bank will continue to hold the naming rights to what was formerly known as the Garden State Arts Center.

According to the agenda just released, the New Jersey Turnpike Authority (the “Authority”) is currently a party to a Sponsorship Agreement with PNC Bank, National Association and Live Nation Worldwide, Inc., which provides PNC with the naming rights to the Garden State Arts Center, along with certain other rights and privileges, for the annual fee of $922,708 (the “Sponsorship Fee”). The Sponsorship Fee is shared equally with LiveNation under a separate Sharing Agreement. The parties have negotiated an increased Sponsorship Fee in the amount of $1,316,236 for the next several years, subject to Board approval.

PNC will also continue to provide the Garden State Arts foundation, Inc., (the “Foundation”) with a $75,000 donation per year according to the proposed agreement.