Payments In Lieu Of Taxes (PILOT) are anticipated to account for $1.385 million in the 2020 municipal budget.
Tag Archives: The Mint
Executive order halts construction
One redevelopment project will have to wait to break ground and another may have to halt certain aspects of construction, under an executive order issued by the governor to try to contain the spread of the novel coronavirus (COVID-19).
A closer look at PILOTs
Recent downtown development projects have a mixed bag when it comes to reaching Payments In Lieu Of Taxes (PILOT) levels anticipated in their original financial agreements.
Council to finalize land swap for Dornoch
A land swap originally conceived almost 15 years ago for a downtown development is poised to be finalized by City Council next month.
Updated: Redevelopment map
With the opening of three developments in recent months, here’s an updated version of the RahwayRising redevelopment map.
The Mint cuts the ribbon on 116 units
The Mint, a 116-unit rental building at 81 Monroe St., officially opened with a ribbon-cutting ceremony on Friday.
The Mint opens next week
The Mint, a 116-unit rental building on Monroe Street, will host a ribbon-cutting ceremony on Monday Jan. 17 to mark the opening of the new development.
Reva expected to be completed by year end
Reva Rahway, a 219-unit project at the site of the former Center Circle sports complex on Main Street, is anticipated to be completed by the end of December.