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Carneys Point introduces five‑year tax‑abatement for former Howard Johnson property
Summary
The committee introduced Ordinance 1076 to authorize a five‑year tax‑abatement agreement with Delargy Estate Holdings, LLC and Orsatti Real Estate, LLC for improvements at the former Howard Johnson site, phasing abatements on improvements from 0% to 80% while land remains fully assessed.
Mayor Brown introduced Ordinance 1076 on Oct. 1, 2025, seeking a tax‑abatement agreement with Delargy Estate Holdings, LLC and Orsatti Real Estate, LLC for the former Howard Johnsons property (RPI).
According to Mayor Brown, the abatement would be five years and "Starting at 0%, 20%, 40%, 60% and ending at 80%. Values to the land continue to be fully assessed." Committee discussion included that the program is structured through the State and that the project expects to advertise for about 25 workers. The motion to introduce the ordinance was made by Mr. Bomba, seconded by Dr. Johnson, and carried unanimously.
The introduction does not adopt the abatement; it moves the ordinance into the public process for advertising and further review before final adoption. No public comment was made at the introduction hearing.
