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Financial 411: A Solution to NJ’s Falling Real Estate Prices: A Tunnel Under the Hudson River?

EPISODE · Jul 30, 2010 · 5 MIN

Financial 411: A Solution to NJ’s Falling Real Estate Prices: A Tunnel Under the Hudson River?

from Financial 411 · host WNYC

The Regional Plan Association says a tunnel in the Hudson River will reduce travel times for New Jerseyans, and double the number of residents who can commute to Midtown Manhattan in less than 50 minutes. The researchers, who studied other transit improvement projects, found that for every minute saved in commute time, property values increased by $2,000.

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Financial 411: A Solution to NJ’s Falling Real Estate Prices: A Tunnel Under the Hudson River?

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