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Council reviews multiple long-term tax-abatement ordinances for proposed Newark housing projects
Summary
At a May 6, 2025 pre-meeting, the Newark Municipal Council discussed several ordinances that would grant long-term tax abatements to developers for new housing projects across the city.
At a May 6, 2025 pre-meeting, the Newark Municipal Council discussed several ordinances that would grant long-term tax abatements to developers for new housing projects across the city.
The clerk read multiple ordinance summaries on first reading and on second reading and final passage. Among them were: an ordinance proposing a 17‑year tax abatement to SPG 100 Frontage Road Urban Renewal LLC for a warehouse distribution building in the East Ward; a 30‑year tax abatement to Fulton Street North LLC for a project the ordinance text described as "a new multi family housing project consisting of 369 residential units" with figures read aloud for market-rate and affordable units; a 30‑year…
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