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Hackensack eyes tax breaks on projects downtown
Tuesday January 7, 2014, 11:02 PM
BY  HANNAN ADELY
STAFF WRITER
The Record

HACKENSACK — The City Council wants to lure developers downtown by offering five-year tax abatements for new projects and improvements.

The council considered a measure Tuesday night that would authorize the city to enter short-term tax relief agreements with developers and residents who build or make improvements in the 39-block Upper Main Street Rehabilitation Area.

The measure, if approved at a second and final vote, would create criteria and a formal process for negotiating agreements. But it would not guarantee abatements for any project, said Brian Nelson, redevelopment attorney for the city.

- See more at: http://www.northjersey.com/hackensack/Hackensack_eyes_tax_breaks_on_projects_downtown.html?page=all#sthash.JyyVF7Rc.dpuf

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January 10, 2014 Uncategorized

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Downtown housing is key to new vision of Hackensack
Friday January 3, 2014, 12:04 AM
BY  HANNAN ADELY
STAFF WRITER
The Record

When Hackensack officials overhauled zoning rules in 2012, they envisioned a modern downtown with high-rise apartments, first-floor stores, green plazas and fashionable facades that would be a cultural and economic hub of Bergen County.

That vision has begun to take root, officials said, with plans pending for several large residential and retail projects within — or just outside — the downtown zone dubbed an “area in need of rehabilitation.”

- See more at: http://www.northjersey.com/hackensack/Downtown_housing_is_key_to_new_vision_of_Hackensack.html?page=all#sthash.d5vM8wPj.dpuf

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January 10, 2014 Uncategorized