City Council extended a Payment In Lieu Of Taxes (PILOT) from 15 to 30 years for Metro Rahway, a 116-unit building on Campbell Street.
Category Archives: Rahway
State Of The City 2020
Possibly reconfiguring one downtown intersection, the revival of canoe races in the Rahway River, more downtown parking and exploring more senior affordable housing, were among the initiatives announced last night during the Rahway State of the City by Mayor Raymond Giacobbe, Jr.
Continue reading State Of The City 2020
Possibly reconfiguring one downtown intersection, the revival of canoe races in the Rahway River, more downtown parking and exploring more senior affordable housing, were among the initiatives announced last night during the Rahway State of the City by Mayor Raymond Giacobbe, Jr.
A closer look at PILOTs
Recent downtown development projects have a mixed bag when it comes to reaching Payments In Lieu Of Taxes (PILOT) levels anticipated in their original financial agreements.
A third of units at REVA Rahway leased
A third of the units have leased at a new five-story building in downtown Rahway that opened in mid-December.
Council to finalize land swap for Dornoch
A land swap originally conceived almost 15 years ago for a downtown development is poised to be finalized by City Council next month.
Council to extend Metro Rahway PILOT
A five-year-old downtown building granted a 15-year Payment In Lieu Of Taxes (PILOT) has applied to extend the agreement for another 15 years. Continue reading Council to extend Metro Rahway PILOT
Downtown valet parking program extended
The valet parking pilot program downtown was used almost 300 times, prompting the city to extend it permanently starting this past weekend. Continue reading Downtown valet parking program extended
Abstract of ratables, 2019
The city’s overall assessed value was up slightly, about 0.21 percent, or more than $3 million, from 2018 to 2019.