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Bayonne authorizes exclusive negotiations with New York Waterway for Peninsula ferry terminal
Summary
Council granted staff authority to enter exclusive, conditional negotiations with New York Waterway to develop a long-term ferry terminal at the former Military Ocean Terminal; the company will fund an escrow to cover the city's professional fees during negotiations, and any definitive agreement will return to council for approval.
City staff told the council that a competitive RFP process produced multiple proposals for a redeveloper and long-term operator of a ferry terminal at the former Military Ocean Terminal on the Bayonne peninsula. Based on interviews and proposals, staff recommended New York Waterway as the appropriate partner for exclusive, conditional negotiations.
Staff said the conditional designation would allow the city to negotiate a definitive long-term agreement while New York Waterway funds an escrow to cover the city’s planning, legal and financial consultant fees incurred during negotiations. The recommendation emphasized that a conditional designation does not bind the council to a final agreement; if negotiations do not yield acceptable terms the city could revert to other proposers.
Council authorized staff to proceed with exclusive negotiations and to accept escrow funding from the proposer. Staff said any definitive agreement would be presented to the council for a public vote.
The council’s action authorizes negotiation only; it does not commit the city to contract terms, construction, or specific financial transfers until a future vote.
