Chris's Page

Below is a link to a presentation that was developed by the JCRA to explain the concept of a "RAD" or Revenue Allocation District. The RAD "concept" is not currently part of the redevelopment plan, but essentially a RAD would allow the city to issue bonds to raise capital for improvements within the district...the bonds would be secured by increased revenues coming out of the district...the revenues could result from increased PILOT fees or tax revenues.



Please note...before a RAD… Continue

Construction on the $500 million Journal Square twin towers project will begin before the end of the year, Jersey City Mayor Jerramiah Healy and other officials said at a news conference this morning.



Dozens of union workers stood shoulder to shoulder with city workers and politicians as the city trumpeted the demolition of the last buildings at the… Continue

The structures that have stood vacant for several years on the block next to the Journal Square Transportation Center in Jersey City are now gone, making room for a highly anticipated twin-tower project.



Dozens of union workers joined developers and politicians next to rubble and bulldozers yesterday to trumpet the latest step toward the future $500 million One Journal Square development.



Construction of the mixed-use complex will begin this year and take three years to… Continue

Jersey City residents can finally say good-bye to the dilapidated buildings still standing next to the Journal Square PATH station.



By April 7, the remaining structures on the 1.5-acre site will be gone, a spokeswoman for one of the partners developing the site said yesterday. Work begins Monday, she said.



The buildings - most vacant for more than three years - will be demolished to make way for a $500 million, two-tower development containing 1,615 rental units, 70,000… Continue

Thursday, February 26, 2009



By AMY SARA CLARK

JOURNAL STAFF WRITER



The Jersey City City Council invited the public to speak on the Greater Journal Square Redevelopment Plan last night, and 20 residents answered the call, the vast majority of them against it.



The council then voted 8-0 to table the plan. Councilman Bill Gaughan was absent.



Residents were most concerned about the potential use of eminent domain, the heights of the buildings,… Continue