As Governor-elect Mikie Sherrill's administration takes shape, New Jersey has the opportunity to reassess how to finance the infrastructure we build. Connell Foley partner Elnardo Webster shares his thoughts in an op-ed exploring long-term asset financing. He offers a useful parallel: with recent discussion at the federal level about a 50-year mortgage structure aimed at making homeownership more affordable, perhaps New Jersey could benefit from a similar approach.
Webster holds that extending amortization to 50 years can lower costs immediately through refinancing and align debt terms with actual asset lifespans. It also expands the state’s capacity to build, stabilize budgets and distribute responsibility fairly across the generations who will benefit.
To read the full article, click here: Why New Jersey should consider 50-Year infrastructure financing - BINJE | New Jersey Business News