A 219-unit development approved for the former Center Circle site on Main Street would pay at least $500,000 in the first year of a proposed 30-year Payment In Lieu Of Taxes (PILOT) arrangement, with payments in the final year approaching $1 million.
Continue reading 30-year PILOT for Center Circle development
City Council unanimously appointed Joseph Gibilisco to the vacant 6th Ward seat on the governing body during a special meeting last night.
The Redevelopment Agency approved a redevelopment agreement with developers of the Center Circle site on Main Street that would pay a fee of $1,750 per unit, contingent on a 30-year Payment In Lieu Of Taxes (PILOT) agreement to be voted upon by City Council tomorrow night.
Continue reading Redevelopment agreement OK’d, 30-year PILOT sought
City Council will choose from among three people nominated by the Rahway Democratic Committee this week to fill the vacant 6th Ward City Council seat for the remainder of this year. The three nominees are:
Soil remediation began last week on a downtown site where a five-story, two-building, apartment complex is planned.
Continue reading Remediation work begins on Main & Monroe site
A Redevelopment Agency commissioner has stepped down halfway through her four-year appointment, creating a vacancy on the seven-member board that is expected to be filled shortly.
An industrial property just off Routes 1&9 near the Linden border won a state tax appeal judgement covering five years and more than $35,000 – roughly 11 percent of its tax bill. Continue reading Industrial parcel wins 11 percent tax appeal
Sixth Ward Councilman Ray Giacobbe, Jr. will serve the remaining year of Samson Steinman’s mayoral term, after City Council tonight unanimously approved his appointment.