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Commission authorizes redevelopment agreement with DJ Ventures for Troy Avenue School site
Summary
Ventnor commissioners designated DJ Ventures as redeveloper for the Troy Avenue School site and authorized execution of a redevelopment agreement; attorney said the agreement aligns with the redevelopment plan and the project will move to planning-board site-plan review on Oct. 27.
The Ventnor City Commission voted by consent Oct. 9 to designate DJ Ventures (transcript: "D AJ Ventner LLC") as the redeveloper for the Troy Avenue School site and to authorize the mayor to execute a redevelopment agreement.
Attorney Mike Floyd, who prepared the agreement, told the commission the contract is consistent with the redevelopment plan and accomplishes the plan’s goals. "Everyone's had…
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