Port Authority approves redo of disputed $1 NJ Transit lease

NEW YORK (AP) - The Port Authority of New York and New Jersey has officially approved the renegotiation of a lease with New Jersey Transit from $1 per year to $875,000 per year.

The agency's action comes more than a year after published reports criticized the lease for a park-and-ride lot outside the Lincoln Tunnel. The lease was renegotiated in 2012 for $1 a year at a time when then-Port Authority chairman David Samson's law firm was representing NJ Transit.

Records showed Samson voted on the lease, but the Port Authority later said Samson recused himself but it wasn't accurately recorded.

Documents involving the park-and-ride lease were among numerous records subpoenaed by federal investigators probing Samson's activities as Port Authority chairman. Samson resigned from the Port Authority in March 2014. He has not been charged with anything.

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