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Council hears plans to finance Green Parks and Green Streets projects through NJ Infrastructure Bank
Summary
Finance staff presented two green‑infrastructure funding items: a $4.05 million appropriation for Green Parks projects and a $6.5 million ordinance for Green Streets work. Staff said both would seek financing through the New Jersey Infrastructure Bank; council asked for project specifics and a list of completed Green Street projects.
City finance officials briefed the Newark Municipal Council on two green‑infrastructure funding items on Sept. 3: a Green Parks project appropriation of $4,050,000 and a Green Streets appropriation of $6,500,000. Both items were described as seeking favorable NJ Infrastructure Bank financing with potential principal forgiveness.
"This is for specific projects for the Green Parks…
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