Bergen County Real Estate News: April 2009 – Week 2

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

April 2009 – week 2 Issue

Increased gasoline prices affect Bergen County
Annual spring fair for Demarest residents
New shuttle service for Teaneck residents
Vehicles break down in Fort Lee
EnCap dream project for Trump
 

Increased gasoline prices affect Bergen County

Town and county officials in New Jersey are now considering different options in order to best meet the gas crisis looming before the state. As the prices of gas rise, many counties in New Jersey have had to increase their fuel budgets by thousands of dollars. Statistics reveal that the prices of gasoline have risen by approximately 13 cents in one week through the nation. In Bergen County, where the government purchases fuel in bulk at lower prices, the government had to pay $2.74 per gallon in March 2008. As per officials, this amount reflects a 27% increase as compared to 2007. In order to best meet this crisis, many Bergen County towns like Clifton and Rutherford and now considering the purchase of hybrid vehicles. Some townships are even opting for motorcycles which have higher fuel efficiency.

Annual spring fair for Demarest residents

Demarest home owners and the neighborhood residents can look forth to an entire month of exciting activities in their town. On May 17, 2008, the association of the Demarest Public Library will conduct its annual spring fair. This event will be held at the Demarest Duck pond from 10 am onwards and would close at 4pm. Residents of Demarest attending the show can participate in the various events like live music or indulge in a range of cuisines like Indian, Korean etc. Arts and crafts, canoe rides, white elephant sale and a host of activities for people of all ages are being planned for the day. Proceeds from the event would go towards improving the Demarest Public library. The event is always looked forward to by residents every year, and many claim that the annual spring fair has now become more of a tradition for Demarest.

New shuttle service for Teaneck residents

A pilot shuttle service may soon be implemented in Teaneck to help improve transport facilities for Teaneck real estate owners & residents in the region. This shuttle service will help in providing easy transport, as an add-on to the current bus service along Teaneck road and River road. Direct transport would thus be offered to commuters from Teaneck to Manhattan to either the George Washington bridge terminal or Port Authority terminal. Convenient stops for residents in the form of local shuttle bus stops are yet to be established so that residents of Teaneck can easily walk to them from their homes.

Vehicles break down in Fort Lee

Many residents of Bergen County were stranded on the roads, when contaminated gasoline from two Lukoil stations from Bloomfield was used to fuel tanks. Another gasoline station in Fort lee was also considered carrying this contaminated gasoline and many motorists were seen stranded on the Garden State Parkway and also the Palisades Parkway. Because of this approximately 25 vehicles reportedly broke down on the night of Thursday, April 17, 2008. Besides this approximately eight vehicles became disabled as they entered the Palisades Parkway. Lukoil has taken the blame on a shipment of bad gas. It could reportedly have been caused due to the presence of water in the bulk storage tanks. The organization has also taken the responsibility for repair of these vehicles upon itself.

EnCap dream project for Trump

New developments indicate that Donald Trump has an interest in investing on the project of polluted wetlands in northern New Jersey. Known as Encap, this multimillion dollar development plan concerns converting the wetlands into housing and golf complexes. This land is part of the polluted New Jersey meadowlands and the plan has been in controversy for quite some time now. However Trump has indicated that he is willing to spend his own money in order to make this plan a reality. In fact, Trump has also earmarked a sum of $124 million for improving a 785 acre stretch of this polluted land. While Trump took over management of the land in November, additional funding is still required to get the project back into action before the deadline of May 9.

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