a story we have been following closely is the costly real estate deal for NJ transit's new headquarters the lease agreement was released today and we're learning the Transit Agency will spend more than 440 million dollars over 25 years to rent eight floors of two Gateway Center in Newark moving its operations from the building it owns just down the street in a statement today NJ Transit said its current headquarters needed about 120 million dollars in renovations and that the lease agreement provides the best value for taxpayers controversy over the deal began when reporting by North jersey.com revealed the building was the most expensive option and that discussions with the building's owner began before the agency started soliciting bids today Republican lawmakers are calling for hearings over a lack of transparency in the bidding process and asking why the agency chose the most expensive option as it faces Financial woes NJ Transit expects to occupy the new headquarters by the end of 2024.

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