New Jersey Transit is considering whether to continue to fight a mobster’s family over a land deal.
The transit agency is challenging a jury verdict that found it owes Carmine Franco’s family more than $8 million for land acquired through condemnation. The parcel was needed for a rail tunnel project that Gov. Chris Christie eventually canceled.
NJ Transit had offered the family $990,000. A Hudson County jury valued it at more than $8 million.
Paul Fernicola, an attorney representing Franco’s family, tells The Record newspaper that NJ Transit undervalued the property, which he says has amazing views of Manhattan.
NJ Transit on Wednesday will decide whether to spend another $150,000 on legal fees.
Franco, who is 78, is in a federal prison for racketeering.