State kills EnCap project
A view of the Meadowlands in Lyndhurst. Photo by Eric Koppel.
This morning, the Meadowlands Commission voted unanimously to end its relationship with EnCap Golf Holdings.
Donald Trump, who had taken over the project in November, was not pleased. From the Record:
But officials with the Meadowlands Commission said Trump, in the end, proved to be an unconvincing suitor who failed to commit the hard cash needed to finish the complex and costly landfill closure.
“We asked for a financial plan to show where the money would be coming from to get this job done, and we never got a clear presentation,” said Joseph Doria, who chairs the commission and also heads the state Department of Community Affairs. “The reality is that they have not lived up to their contract.”
Robert Ceberio, executive director of the commission, told the Star-Ledger that what took place today was really an action against EnCap, not against Trump — while progress was made under Trump, the financing for the landfill cleanup just wasn’t there.
Ceberio also said the commission will use $6 million from the developer to begin its own cleanup of the landfills in Rutherford, Lyndhurst and North Arlington.
Click here for a timeline of important events in the EnCap saga.
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