Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Sayreville council approves pilot tax agreement for proposed cold‑storage warehouse on borough landfill
Summary
Council adopted Ordinance 56‑24 authorizing a pilot (tax-exemption) agreement for a proposed ~250,000 sq. ft. cold‑storage warehouse on borough-owned landfill property; municipal adviser said the developer would pay an estimated $350,000 annually to the borough under a three-test formula while land taxes continue to be paid.
Sayreville council adopted Ordinance 56‑24 after a presentation from municipal adviser Anthony Inverso of Phoenix Advisors outlining the proposed long‑term tax exemption (pilot) agreement for a cold‑storage warehouse on borough‑owned landfill property.
Inverso said the project would be “approximately 250,000 square foot” and that the developer is purchasing the property “for about $20,000,000.” He told the council the site currently generates roughly $10,000 a…
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
