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Downtown New Jersey: Our Legislative Watchdog

Two Bills Threaten Economic Feasibility of Redevelopment

Dec. 8, 2017: For decades, New Jersey has experienced notable success with redeveloping many of its distressed areas by affording municipalities the ability to offer tax incentives (i.e., PILOTs) to redevelopers. These incentives encourage redevelopers to accept the substantial risks and additional costs that come with most projects.

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