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Council reviews multiple tax-abatement ordinances for South and West Ward redevelopment projects
Summary
Council members heard summaries of several tax-abatement ordinances for mixed-use projects in South and West wards (including 1080 Bergen, 763 South Orange Urban Renewal and others), with council questions about developer addresses and the number of affordable units per project.
City officials read a slate of tax-abatement and redevelopment ordinances for projects in Newark’s South and West wards and fielded council questions about developer identities and affordable-unit counts.
The clerk summarized several proposals including a 25-year tax abatement for 1080 Bergen Developer Urban Renewal LLC to build a five-story mixed-use building in the South Ward with 53 market-rate and 13 affordable rental units; and a 20-year abatement for 763 South Orange Urban Renewal LLC in the West Ward for a five-story…
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