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A recent Port Authority report recommends that overnight PATH service be cut, but that could spell disaster for the booming real estate market on New Jersey's Hudson Waterfront. Local and state officials, such as Hoboken Councilman Ravinder Bhalla, argue that service cuts would undermine growth, as well as drastically harm the feasibility of a proposed plan to redevelop the Hoboken rail yards, citing the proximity to New York as a major selling point. "If we do anything to cut off our access to New York City, we're shortchanging ourselves," said Hoboken Mayor Dawn Zimmer. "They are about to cut off our competitive advantage." [ via TRD]