New Jersey: Atlantic City Water Works Won’t be Sold
12/20/2017
ATLANTIC CITY, N.J. (AP) — New Jersey officials say Atlantic City’s water utility will not be privatized.
Former U.S. Sen. Jeff Chiesa (Key-EH’-sah) said Wednesday the state will not seek to sell the utility.
There had been speculation that the state, which had seized control of Atlantic City’s assets and major decision-making power a year ago, would try to sell the water works to help pay down the city’s debt.
Chiesa said he became convinced of the utility’s importance to Atlantic City.
Republican Gov. Chris Christie’s administration took over Atlantic City’s finances in November 2016, saying the city wasn’t making the hard choices needed to tame its finances.
Incoming Gov-elect Phil Murphy, a Democrat, has promised to end the takeover.
Related News
From Archive
Sign up to Receive Our Newsletter
- Intrepid Fiber breaks ground on fiber optic network in Superior, Colo.
- Excavator collides with I-95 overpass in Henrico, Va., causing multi-vehicle crash
- Shrewsbury, Mass., expands sewer inspections and cleaning efforts
- Construction worker killed in trench collapse near Prosperity, S.C.
- Two workers rescued after hours trapped in Mich. trench collapse
- Texas contractor penalized by OSHA for repeated trench safety violations
- Final construction phase kicks off for Indianapolis deep rock tunnel
- WES tunnel boring machine retrieved from Oregon river after seven-month project
- Illinois overhauls Peoples Gas pipeline program, mandates focus on high-risk pipes
- Ameren Illinois to invest $140 million in natural gas pipeline replacement program
Comments