Journal Square – the-once-and-promised future city center, a true downtown – remains a hole in the heart of the city, with development once again stalled. The failure to seek proposals from developers nationwide experienced in mixed-use projects of this scale has left us with a no-bid redevelopment contract in its latest version proposing two 10-story parking garages with 50- to 70-story residential towers above, limited and reduced retail space, which will minimize this project as a destination. Prior to the financial meltdown in October, the developer sought tax abatement terms that would cost the city $500,000 per year.

We will never know if the current plans are the best use of one of the regions premier redevelopments sites, adjacent to a PATH station and the county transportation hub with 8 million annual commuters passing through. When will the city rein in no-bid development contracts of this scale and clean up the redevelopment process banning pay to play campaign contributions to city officials responsible for approving redevelopment plans and tax abatements?

for more information visit:
OneJerseyCity.org

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