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Bill > S3327


NJ S3327

NJ S3327
Requires State agencies to vacate certain property in Trenton; allows EDA to offer incentives to private entities to locate to that property.


summary

Introduced
01/11/2021
In Committee
01/11/2021
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill would require State departments and agencies with offices located at the Riverview Plaza in the city of Trenton to relocate to other suitable locations within the city of Trenton. Currently, the Department of Education maintains offices at Riverview Plaza. Riverview Plaza is centrally located with access to both the Delaware river and Route 29. Significant business and recreational attractions could develop there. Relocation of State departments and agencies from Riverview Plaza will enhance the redevelopment potential of this prime real estate. Additionally, this bill would require the New Jersey Economic Development Authority (EDA) to take an active role in the redevelopment of the Delaware river waterfront of the city of Trenton. The bill specifically requires EDA to seek to attract private entities to occupy office space at Riverview Plaza buildings which will be vacated by the State pursuant to this bill. The bill requires EDA to give priority consideration for eligibility of any EDA-administered business assistance program to a private entity seeking to occupy office space vacated by the State pursuant to the bill. The bill authorizes EDA to modify its business assistance programs, where permissible by law, to give bonuses or other enhanced incentives to private entities that occupy this office space. The bill also authorizes EDA to seek assistance from other State entities that it deems necessary to discharge its responsibilities under this bill.

AI Summary

This bill requires state departments and agencies with offices located at the Riverview Plaza in Trenton to relocate to other suitable locations within the city of Trenton. It also directs the New Jersey Economic Development Authority (EDA) to take an active role in the redevelopment of the Delaware River waterfront in Trenton, including seeking to attract private entities to occupy the office space vacated by the state agencies. The bill requires the EDA to give priority consideration for eligibility of its business assistance programs to private entities seeking to occupy the vacated office space, and allows the EDA to modify its existing programs to offer bonuses or other enhanced incentives to such private entities. Additionally, the EDA is authorized to request assistance from other state entities to help discharge its responsibilities under this bill.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/11/2021)

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