Revenue from Payments In Lieu Of Taxes (PILOT) is projected to reach almost $1.4 million in this year’s municipal budget while foreclosure registry fees are expected to jump by more than 50 percent.
Tag Archives: River Place
PILOTs exceed $1.5 million in 2018 budget
The latest downtown development is expected to begin contributing a Payment In Lieu of Taxes (PILOT) this year, bringing anticipated revenue from PILOTs to more than $1.5 million in the 2018 municipal budget.
A closer look at local Walk Scores
How walkable is Rahway? According to Walk Score, it’s more walkable than most cities in New Jersey.
Top 15 posts of 2015
It’s that time again to take a look back at the year that was, and so here it is, a breakdown of the most viewed posts of 2015 by you, our faithful readers.
Keeping an eye on parking
Demand during peak hours at the Lewis Street parking deck is roughly 350 spaces, or about two-thirds of its capacity, enough to accommodate some overflow from three planned developments downtown.
PILOTs in the 2015 budget
City Council is scheduled to hold a public hearing before formal approval of the 2015 municipal budget during its regular meeting on Monday night, and here are a few more details from the 44-page document.
River Place sold again, this time for $36 million
River Place, a 136-unit rental complex on Lewis Street, has sold for $36 million — almost $10 million more than it sold for almost 3 1/2 years ago.
Continue reading River Place sold again, this time for $36 million
Mack-Cali acquires Park Square for $46.5M
Seven years after breaking ground on its first phase, Park Square has been acquired for $46.5 million.