December 2007

On December 17, Senate President Dick Codey introduced S-3043 https://www.njbia.org/pdf/f080083.pdf , legislation providing a 100 percent capital investment corporate, insurance or gross income tax credit for certain businesses locating with one-half mile of a train station in select cities. Businesses must invest a minimum of $75 million in new construction, rehab, fit-up or equipment costs.…

The New Jersey Council on Affordable Housing released the long-awaited response to the Appellate Division’s January 25, 2007 ruling striking down the prior ” Third Round” rules, which governed the production and administration of affordable housing. The Appellate Division was concerned with a number of issues, including the amount of affordable housing which needed to…

Earlier today, the Appellate Division released its decision in Oceanport Holding, L.L.C. v. Borough of Oceanport, et al., docket no. A-6127-05T3. The issue on appeal was whether the trial court properly granted summary judgment to the municipality on the grounds that the plaintiff-developer did not engage in sufficient negotiations before filing the Mount Laurel litigation…