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Bill > S2619


NJ S2619

NJ S2619
Requires State agencies to vacate certain property in Trenton; allows EDA to offer incentives to private entities to locate to that property.


summary

Introduced
02/08/2024
In Committee
02/08/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 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 authorizes the New Jersey Economic Development Authority (EDA) to actively seek to attract private entities to occupy the office space vacated by the state agencies. The EDA is required to give priority consideration for eligibility of its business assistance programs to private entities seeking to occupy the vacated office space, and it is authorized to modify its existing programs to provide bonuses or enhanced incentives to these entities. The EDA is also allowed to seek assistance from other state entities to help with 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 02/08/2024)

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