Corrections or additions?
This article by Bill Sanservino was prepared for the September 24,
2003 issue of U.S. 1 Newspaper. All rights reserved.
Life in the Fast Lane: Penns Neck EIS
Anyone interested in seeing the final version of the
Penns Neck Area Environmental Impact Statement (EIS) — scheduled
to be released this month — will have to wait a while longer.
According to a state Department of Transportation spokesperson, the
EIS will likely not be released until the end of this year.
The purpose of the project is to remove the traffic lights from the
Route 1 intersections of Harrison Street, Washington Road, and Fisher
Place. A public hearing was held on a draft EIS in late June and
parties were allowed to submit comments in writing through August.
"We’re still reviewing comments and making sure everything is
taken into account," says Michael Horan, DOT deputy director of
community relations. "We hope to have the completed EIS out by
the end of the year, December or maybe November."
The draft EIS, released in early June, proposed 19 different
and the impacts of each on the surrounding environment, residents,
roads, and historical structures. Costs range from $12 million to
$97.5 million depending on which options are chosen. The final EIS,
according to Horan, will include the recommended alternative for
or a decision not to build anything.
The option that has been agreed to by officials in the Princetons
and West Windsor, where the project would be built, calls for Route
1 in-a-cut under Washington Road; an east-side connector road running
through the Sarnoff property to Route 1 just south of Harrison Street;
and a west-side connector road that leads traffic away from Harrison
Street residential areas.
<%-2>Meanwhile, a draft EIS is due to be released soon
on the Route 92 project being proposed by the New Jersey Turnpike
Authority. The road would be another major east-west connector, and
has been on the planning rolls for almost 60 years.
In May, the U.S. Army Corps of Engineers delayed the release of the
draft EIS at the request of state officials, to give Governor
Jim McGreevey’s office, the state Department of Environmental
and the DOT an opportunity to review the impact of the project on
the state’s smart-growth initiatives.
"The draft EIS statement was scheduled to be released when the
state requested we hold off on it for a number of months," says
Pete Shugert, spokesman for the New York district of the Army Corps.
"We wanted to bring in expertise on land-use and smart-growth
to the table to make sure the EIS is properly structured."
Turnpike Authority spokesman Joseph Orlando says he received a letter
from the Army Corps of Engineers in May stating the project was on
hold. "The DOT, DEP, and the governor’s smart-growth group are
looking to make sure that all land-use, environmental, and
issues are adequately addressed."
Opponents argue that construction of Route 92 west of Route 130 will
spawn more traffic and sprawl in what is now the largest remaining
portion of open space in Middlesex County.
"Route 92 requires the filling of 14 acres of wetlands and it
will lie in an area designated on the state’s development and
plan as rural farmland and critical habitat," says Janine Bauer,
executive director of the Tri-State Transportation Campaign. The
also argues that the highway would generate an additional 10,000 to
15,000 new vehicles per day on Route 1 south between Ridge Road and
The proposed 6.7-mile, limited-access roadway would link Route 1 near
Ridge Road with the NJ Turnpike at Exit 8A of the New Jersey Turnpike.
The road would cut through the northern tip of Plainsboro and run
east to west through much of South Brunswick along Friendship Road.
The estimated cost is $350 million.
Route 92 was supported by former Governor Christie Whitman and
in Plainsboro and West Windsor, who contended it would relieve traffic
on Route 1. The federal Environmental Protection Agency opposed the
plan in 1998, but the state DEP supported it the following year. The
Turnpike asked the Army Corps for permission to fill wetlands, but
the Corps in 2000 said an environmental impact statement would be
The Corps will use the EIS to determine whether to issue a permit
allowing wetlands to be filled, but the governor retains final say
on whether to approve the project.
— Bill Sanservino
Coface, a French firm that bought part of the CNA
located at 1100 Cornwall Road in Monmouth Junction, moved 60 people
to Building 100 at Windsor Corporate Park on Friday, September 19.
Coface is a credit insurance and credit management firm with
in 56 countries and 83,000 customers.
CNA Credit previously had an alliance with Coface for its export
insurance. When Coface bought CNA Credit last January, the unit was
named Coface North America Inc. The unit supplies credit insurance
for vendors who are concerned about getting paid. If the insured debt
remains unpaid, the insurer pays part of that bill. Premiums for a
domestic policy range from less than .1 percent to .5 percent of
sales. For international policies, the premiums are slightly higher.
At Windsor Corporate Park Coface joins two insurance companies (Utica
National Insurance and Maxima), and a collection company, OSI
Services. Other tenant companies do healthcare and medical consulting
(ACNielsen/HCI, PERQ/HCI, CBIZ KA Consulting, and Liberty
Network), financial services (ExpertPlan), and engineering (Bala
Engineers). The park used to be the home of GE Astro.
Matt Malatich of CB Richard Ellis represented both Coface and the
park owner, GMH Capital Partners in the lease of just under 17,000
Mike Ferrante heads Coface North America. Traded on the Paris stock
exchange, Coface offers numerous ways to manage, finance, and protect
commercial transactions, and it also gives businesses the option to
outsource all or part of their trade receivables management.
One of its two core businesses, credit insurance and credit
features the Common Risk System, a shared risk credit management
that is updated in real time and tracks 44 million companies
The second core business is trade receivables management and
plus Coface has three side businesses — guarantee insurance,
marketing, and trade receivables financing. In France, it manages
export credit insurance on behalf of the state.
Corporate Park, East Windsor 08520. 609-469-0400; fax, 609-490-1581.
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