The Hackensack city council has voted to rescind payment in lieu of taxes agreements for three high-profile development projects, raising major questions about the fate of proposals that would bring another 650 luxury apartments to the municipality.
Government & Public Policy
From zoning disputes to the federal tax code, public policy affects the commercial real estate sector far more than you may realize. For industry leaders, government and politics demand constant attention.
System updates
As you’ll read in this month’s cover story, New Brunswick is marking its latest and perhaps most monumental investment in health care with the opening of the 12-story, 520,000-square-foot Jack & Sheryl Morris Cancer Center. Executives with RWJBarnabas Health, the Rutgers Cancer Institute and other key stakeholders unveiled the facility in mid-May, hailing the arrival of New Jersey’s first freestanding cancer hospital and one of only 13 in the country, part of a $1 billion project that has brought top-tier patient care and cutting-edge research labs under one roof.
The ‘builders’ remedy’ strategy — and why it’s flawed
The “builders’ remedy” method, as an approach to solving New Jersey’s affordable housing crisis, is having a devastating impact across the Garden State. Many other options exist, options that should be squarely on the table. A shining example of these options is the construction of special needs and workforce housing, to name just some.
