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Newark council advances multiple redevelopment deals amid angry public comments over affordability and oversight
Summary
The Newark Municipal Council on Dec. 18 advanced several redevelopment deals and handled a large set of tax-abatement and sale agreements that drew sustained public comment about affordability, local hiring and oversight.
The Newark Municipal Council on Dec. 18 advanced several redevelopment deals and handled a large set of tax-abatement and sale agreements that drew sustained public comment about affordability, local hiring and oversight.
Supporters said the projects will bring investment and jobs; critics — including long-time residents, neighborhood activists and tenant advocates — said the abatements and deal terms favor developers, do not sufficiently protect longtime residents, and lack clear enforcement mechanisms. Speakers urged stronger guarantees for low- and moderate-income units, community benefits agreements and audits of previously issued abatements.
Why it matters: Tax abatements and redevelopment agreements determine which projects are financially viable and who benefits. Council action on Dec. 18 combined approvals, amendments and multiple deferrals, reflecting ongoing tensions between economic…
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