Infrastructure plays, roads, airports etc are all the rage right now. Just because the state of NJ pretends to lose money on these things doesn’t mean they are not generating huge cash flows. As long as the trade deficit continues at these levels we will be selling our assets to people off shore. Globalization is out to get you.
Long-term leasing of state highways to foreign countries is becoming a popular method for states to raise cash. NJ just doesn't want to be left out of the party. ;)
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