New “Vertical GDP” Law Provides Options to Developers

Posted by on Jul 19, 2011 in Developer's Agreements, General Information, Legislation, Municipal Land Use Law, Redevelopment, Retail/Commercial

By: Michael J. Lipari, Esq.
In an effort to provide certainty to development projects in the urban and more developed areas of the State, legislation has been adopted that extends general development plan (GDP) protection to large development projects situated on smaller sites.

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Development Coalition Seeks Overhaul of Land Use and Environmental Procedures

Posted by on Sep 29, 2009 in DEP Rules, General Information, Municipal Land Use Law, Permit Extension Act, Redevelopment, Site Remediation

By: Henry T. Chou, Esq.
For the past two years, a coalition of developers and business groups called the Smart Growth Economic Development Coalition has sought to effect significant changes in land use use and environmental regulatory laws aimed at keeping businesses in New Jersey and attacting new business. It now hopes to push through some of its legislation in the lame duck Legislative session after the gubernatorial election in November.

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Legislature Passes Economic Stimulus Bill and Eliminates 2.5% Non-Residential Development Fee

Posted by on Jun 26, 2009 in COAH and Affordable Housing Issues, Distressed Housing Market, Redevelopment

By: Henry T. Chou, Esq.
In response to the State’s recession woes, the Legislature has passed an omnibus economic stimulus bill (A-4048/S-2299) aimed at reinvigorating the real estate development industry through innovative tax incentives and fee moratoriums, among other measures.

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Further Developments in the Redevelopment Revolution (and Other Cases of Interest)

Posted by on Sep 3, 2008 in Redevelopment

by: Stephen M. Eisdorfer, Esq.
The decision by the United States Supreme Court in Kelo v. New London triggered a nationwide backlash against what were perceived as abuses of the governmental redevelopment and eminent domain powers. In New Jersey, unlike some other states, this backlash has not resulted in legislative restrictions on redevelopment. None of the four bills currently pending before the Legislature, A-492 (Burzichelli), S-559 (Sweeney), S-757 (Rice), and S-1020 (Weinberg), have yet been reported out of committee in the State Senate. The backlash has, however, generated significant incremental changes by the New Jersey state courts. This article summarizes some of those changes.

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