Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Newark council approves 30-year tax abatement for Fulton Street North after public questions on developer selection and local-hire compliance
Summary
The Newark Municipal Council approved a 30-year tax abatement for Fulton Street North LLC’s proposed multifamily project in the Central Ward after a public hearing in which residents questioned how developers are selected and how local hiring and compliance will be enforced.
The Newark Municipal Council on May 7 adopted a 30-year tax abatement for Fulton Street North LLC to support construction of a new multifamily housing project in the Central Ward.
The vote followed a public hearing at which residents and community advocates pressed the council on how developers are chosen for tax-abatement deals and whether projects will meet local-hiring and community-benefit commitments. Allison Ladd, director of economic and housing development, told the council the Fulton Street North project is one of five related developments and that across the five projects the city expects about 66 units with roughly $53,000,000 in total investment and 32.5% of units to be designated affordable.
Why it matters: Long-term tax abatements are frequently…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
