New Jersey Embraces Urban Development

July 27, 2011

reprint from ARCHITECT Newswire

New Jersey Governor Chris Christie (R) signed a new law that makes more mixed-use projects located near mass transit eligible for $1.5 billion in state tax credits. “Our goal is to revitalize New Jersey’s cities and to do it through private economic development that is incentivized and encouraged through common sense incentives from government and reductions of tax rates and regulation from government as well, in order to attract current business to expand and new business to come to our urban centers, where we already have infrastructure,” Christie says. Michael Symons reports that the projects may include the Haddon Avenue Transit Village in Camden, the Transit Village Associates Gateway project in New Brunswick and the American Dream Meadowlands project in East Rutherford.

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