More on Powerhouse Deal

News that Jersey City and the Port Authority have struck a compromise over the powerhouse has hit the media circuit with the AP writing up a story. While the compromise calls for a land swap between the city and the Port Authority, the land the city intends to trade has not yet been determined, meaning other than formalizing their goals, the powerhouse is not much closer to rehabilitation than it was a year ago.

Possible sites include a triangular spit of land on Washington Blvd at Second Street, though this piece of land was originally intended to become a park, not a power substation. Another alternative being considered is within the Butler Brother's Warehouse, but the owner of that lot wants nothing to do with the project.

The Journal has a few more details on the whole project. The city will be responsible for cleaning up the site and reinforcing the structure before handing it over to the Cordish Companies, the developer. That could cost between $30 and $40 million.