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2015 Annual Report

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2015 Annual Report 2015 Annual Report The Meadowlands Economic Engine, Environmental Jewel Sports and Entertainment Destination We Bring the World to New Jersey MESSAGE FROM WAYNE HASENBALG NJSEA President and CEO On behalf of the New Jersey Sports which showed enthusiasm and and Exposition Authority (NJSEA), teamwork from the start. As a I am pleased to present our 2015 result, the NJSEA realized great Annual Report. This document strides in crucial areas such as chronicles an exciting, landmark economic development and year in the history of the NJSEA. continued its critical environmental research without disruption. In February 2015, the Authority absorbed the former New Jersey Economic growth in the Meadowlands Commission (NJMC) Meadowlands District has to create a singular State agency flourished since the merger. representing the Meadowlands Goya Foods opened its new region. 634,000-square-foot headquarters and distribution center in Jersey Our primary goal was to City and work continued at the operate more efficiently at a Teterboro Landing Development. reduced cost to taxpayers while Walmart and Costco both opened maintaining a commitment to stores in Teterboro, and the NJSEA fostering economic growth in granted approval to allow 11 the Meadowlands District and restaurants to operate at the site. protecting and improving the region’s unique environment. The Several companies made the NJSEA has met these benchmarks strategic decision to move to or through a remarkably quick and expand within the Meadowlands seamless transition. District, taking advantage of the region’s ideal location for business. In 2015, the NJSEA created a leaner, For example, FedEx Ground stronger Meadowlands authority received zoning approval to that requires less taxpayer funding construct a 307,247-square-foot In addition to fostering economic growth, from the State budget. The NJSEA warehouse in Jersey City. the NJSEA continued to carry out the former Board of Commissioner’s prudent NJMC’s mission of protecting and enhancing the We also continued to upgrade planning resulted in a projected Meadowlands District’s environment. $16 million savings in fiscal year traffic signals around the region 2016, a 48 percent reduction. through our Meadowlands The Natural Resources Department and Adaptive Signal System for Traffic Meadowlands Environmental Research Institute In January 2015, the NJSEA and Reduction (MASSTR) project. This (MERI) moved forward with critical joint studies NJMC had a combined 255 full large-scale undertaking reduces examining the health of the region’s vital wetlands time employees. By December, traffic delays and congestion, and the Hackensack River. MERI also continues 2015, the staff count of the helping commerce to flow more to monitor the region’s air, soil and water quality merged agencies stood at 139. smoothly. while Natural Resources studies Meadowlands Additional savings were realized wildlife and vegetation. from the temporary closure of the The new NJSEA has also Meadowlands Arena, reductions strengthened relationships These are just some examples of the great in utility costs, and elimination of with constituents by reaching successes that the NJSEA has accomplished redundancies. out to developers and business in a short time frame since merging with the owners to better understand their former Meadowlands Commission. The NJSEA is This significant achievement was concerns. Several developers committed to building upon this solid foundation realized thanks to the exceptional and municipalities have praised for an economically vibrant and environmentally leadership of the NJSEA Board the Authority’s efforts in working healthy Meadowlands in the years to come. and the hard work and dedication to approve new development of our newly combined staff, and expansion in a time-efficient manner. Explore the Meadowlands • Carlstadt • East Rutherford • Jersey City • Kearny • Little Ferry • Lyndhurst Moonachie • North Arlington • North Bergen • Ridgefield • Rutherford • Secaucus • South Hackensack • Teterboro 2 | NJSEA TABLE OF CONTENTS Message from the President and CEO .................................. 2 Agency Overview ................................................................................. 4 Board of Commissioners ................................................................. 5 Economic Growth ............................................................................... 6 Landfill Management ........................................................................ 10 Floodplain Management ................................................................ 10 Geographic Information Systems ............................................ 11 Parks ................................................................................................................. 13 Public Programs and Events ........................................................ 15 Meadowlands Research ................................................................... 18 NJSEA Financial Report ..................................................................... 21 NJMC Financial Report ..................................................................... 22 Explore the Meadowlands • Carlstadt • East Rutherford • Jersey City • Kearny • Little Ferry • Lyndhurst Moonachie • North Arlington • North Bergen • Ridgefield • Rutherford • Secaucus • South Hackensack • Teterboro 3 | NJSEA AGENCY OVERVIEW The New Jersey Sports and Exposition Authority (NJSEA) The Authority is the planning and zoning agency for the provides for the ongoing operation of the MetLife 30.4-square-mile Meadowlands District, which consists of Sports Complex, an internationally renowned sports and portions of 14 municipalities in Bergen and Hudson counties. entertainment hub featuring a stadium, racetrack and The NJSEA also works to improve and conserve the region’s arena. The Authority provides support to MetLife Stadium, unique urban eco-system through its Natural Resources New Meadowlands Racetrack and the American Dream Management Department and Meadowlands Environmental Meadowlands project. Research Institute. These functions are provided through the NJSEA’s The former New Jersey Meadowlands Commission was Engineering, Site Operations, Security, Emergency Medical created by an act of the State Legislature in 1968 and Services, Fire, and Arena side Traffic and Parking Operation tasked with a three-fold mandate: to provide for orderly departments. Included in these services is power distribution development of the region, to provide facilities for the to the facilities; storm water control systems; emergency sanitary disposal of solid waste, and to protect the delicate response during both event and non-event periods; and balance of nature. management of the Sports Complex Rail Station. At the time of the agency’s creation, the Meadowlands The NJSEA was created by an act of the State Legislature District was marred by dozens of illegal landfills. Efforts in 1971. In 1976, the NJSEA opened the then-named in cleaning up these landfills resulted in an extraordinary Meadowlands Sports Complex. The Authority also built economic and environmental transformation. The the Atlantic City Convention Center and the Wildwood Meadowlands, once blighted and polluted, is now an Convention Center, completed an extensive renovation of economic engine, environmental jewel and educational Atlantic City’s historic Boardwalk Hall, and is the former owner resource. of Monmouth Park racetrack. The NJSEA and former NJMC’s tireless efforts have helped In February 2015, the New Jersey Sports and Exposition attract billions of dollars in new development to the area. In Authority (NJSEA) absorbed the former New Jersey addition, the agency has invested tens of millions of dollars Meadowlands Commission (NJMC) and took on its in infrastructure improvements over the past four decades responsibilities, including land use and solid waste that have benefited District municipalities, residents and management as well as environmental research. businesses. Explore the Meadowlands • Carlstadt • East Rutherford • Jersey City • Kearny • Little Ferry • Lyndhurst Moonachie • North Arlington • North Bergen • Ridgefield • Rutherford • Secaucus • South Hackensack • Teterboro 4 | NJSEA BOARD OF COMMISSIONERS MICHAEL FERGUSON JOSEPH BUCKELEW JOHN BALLANTYNE ARMANDO B. FONTOURA MICHAEL H. GLUCK Chairman Vice Chiarman WAYNE HASENBALG LEROY J. JONES, JR. GEORGE KOLBER steven PLOFKER, ESQ. President & CEO ADREW scala ANTHONY SCARDINO FORD M. SCUDDER ROBERT B. YUDIN State Treasurer Explore the Meadowlands • Carlstadt • East Rutherford • Jersey City • Kearny • Little Ferry • Lyndhurst Moonachie • North Arlington • North Bergen • Ridgefield • Rutherford • Secaucus • South Hackensack • Teterboro 5 | NJSEA ECONOMIC GROWTH In 2015, the Authority’s ongoing commitment to promoting economic growth, development and investment in the Meadowlands District continued to produce great results. During the year, businesses opened new facilities and began construction or neared completion of projects on Meadowlands District properties. In addition, several companies relocated to or expanded within the District, taking advantage of its ideal location. The Meadowlands District lies within one of the nation’s busiest economic corridors, with close proximity to New York City and major roadways, airports, rail lines and seaports. The NJSEA prides itself on being a customer service-oriented agency and promotes a business-friendly atmosphere. 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