GSP tokens expire at end of year

June 4, 2008 3:56:16 PM PDT
Use them, lose them or sell them back.Those are the choices for motorists who still have Garden State Parkway tokens stashed in cupholders, glove boxes and car seats.

The New Jersey Turnpike Authority voted Wednesday to give motorists until the end of the year to use their tokens or sell them back.

The authority plans to open at least three buyback centers this fall. The tokens are worth 33.3 cents, giving motorists a discount from the 35-cent toll.

Executive director Michael Lapolla estimates the outstanding value is less than $1 million.

The last roll was sold on New Year's Day 2002 as the parkway urged motorists to switch to E-ZPass. Today they represent one-tenth of 1 percent of the monthly toll transactions.

Officials say they have collected more than half of the 33 million tokens in circulation.