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Hackensack council rescinds three long‑term tax exemption agreements after heated public comments
Summary
The Hackensack City Council adopted ordinances rescinding three recent financial agreements (pilots) for downtown redevelopment projects after extensive public comment and objections from developers; votes were unanimous and developers signaled legal challenges.
The Hackensack City Council on Aug. 11 adopted three ordinances rescinding recent financial agreements that had granted long‑term tax exemptions (commonly called PILOTs) to redevelopers, voting unanimously on each measure.
The move overturns ordinances authorizing financial agreements for projects described in the record as RHR Hackensack Urban Renewal LLC (Ordinance 19‑2025 / rescinded by Ordinance 38‑2025), S61 Urban Renewal Company LLC (rescinded by Ordinance 39‑2025) and Sapphire Urban Renewal LLC (rescinded by Ordinance 40‑2025). Council members Deputy Mayor Toomey, Council members Clark Collins, Carroll and Diaz and Mayor Kasim Gaines all voted “aye” on the roll calls recorded by the clerk.
Why it matters: the agreements at issue were authorized under New Jersey’s long‑term tax exemption statute (N.J.S.A. 40A:20‑1 et seq.) and were intended to shift some redevelopment tax revenue into payments in lieu of taxes. Supporters said the…
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