Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, issued the following statement regarding U.S. Senator Frank Lautenberg’s pronouncement that he will investigate the circumstances surrounding the cancellation of the ARC tunnel:
“Quite frankly, Frank Lautenberg’s decision to investigate Governor Christie’s cancellation of the ARC tunnel is, at best, puzzling. There must be at least a dozen federal and state agencies equipped to investigate all levels of government and I can’t recall one that answers to New Jersey’s Junior U.S. Senator.
“The plain fact of the matter is that this was an awful deal for New Jersey taxpayers who would have ultimately been on the hook for a minimum of $1 billion to nearly $5 billion in cost overruns on the ARC project. Sadly, for the commuters and the middle-class families of New Jersey, New York’s much more effective Senate delegation, cut a much better deal for their constituents. Luckily Governor Christie puts New Jersey taxpayers first.
“The State or the City of New York was never going to contribute so much as a dime to this project, while reaping all the benefits of increased income tax revenue and infrastructure upgrades in Manhattan; paid for by the largess of New Jersey taxpayers. Perhaps in the future our representatives in Washington D.C. will remember that they are in office to protect our interests.”