A proposed rail tunnel under the Hudson River may never see the light of day.
New Jersey governor Chris Christie is expected to scrap the nearly $9 billion tunnel, which would be the most expensive transportation project in the nation.
Christie is meeting with his transit team today to review cost estimates for the project.
He says he will not sign off on New Jersey's $2.7 billion share of the project unless the state has a way to pay for it.
Mayor Michael Bloomberg said New York City cannot afford to pitch in.
"This is not something the city can put money into. We're building our own subway extension, number 7 [line], because the state didn't give us money," said Bloomberg. "We just don't have -- we need more schools, we have a lot of other capital projects that this city has to do."
Now it's time to once again point out how hypocritical this statement is coming from Bloomberg, who seems to have no problem finding billions in taxpayer money for every unnecessary and unwanted boondoggle imaginable. But infrastructure? Nah...