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Article: New Jersey school building drives the construction industry in state.
- Article from:
- Real Estate Weekly
- Article date:
- October 22, 2003
- Author:
CopyrightCOPYRIGHT 2003 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Large and small companies are clamoring to get a bite out of the New Jersey School Construction Corporation's $8.6 billion construction program already underway.
In 2000, New Jersey enacted the Educational Facilities Construction and Financing Act, This Act set aside $8.6 billion in State money for the public school construction in 30 special needs school districts, known as the Abbot School Districts.
This Act has been a Godsend for the construction industry that has suffered in a sluggish economy.
"There hasn't been a lot of construction in the private sector since 9/11," said Gerald Murphy, NJSCC managing director of policy and ...
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