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By January 1976, the NYS&W defaulted on $252,498 of business and property taxes owed to the state of New Jersey, and they were forced to file for section 77 bankruptcy. [53] [81] By that time, the NYS&W railroad was cut down to a 43-mile (69 km) line from Croton and Edgewater through Paterson to Butler.
On July 9, 2003, Governor Jim McGreevey's plan to disband the New Jersey Highway Authority and give control of the parkway to the New Jersey Turnpike Authority (NJTA) was completed. [165] Additionally, in November of that year, construction was completed on the $16.23 million exit 89, a new southbound exit and northbound entrance in Lakewood .
Financial firm Lazard also updated its levelized cost of electricity report costing new nuclear at between $0.118/kWh and $0.192/kWh using a commercial 7.7% cost of capital (pre-tax 12% cost for the higher-risk 40% equity finance and 8% cost for the 60% loan finance) over a 40-year lifetime, making it the most expensive privately financed non ...