The Redeveloper

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Will Governor Christie Extend the Moratorium on Non-Residential Development Fees?

Co-Authored By Steven P. Gouin A new bill (A1907) that would extend the statewide moratorium on the collection of non-residential development fees (“NRDFs”) recently passed both the New Jersey State Assembly and Senate. It now awaits Governor Christie’s signature. If signed into law, the bill would reinstate the moratorium on the collection of NRDFs that […]

Attention Tenants! Grow-NJ Tax Credits Without Prevailing Wage

Co-Authored By Steven P. Gouin A little known regulation makes a big difference for tenants taking less than 55% of a leased facility. Namely, these tenants may be eligible to receive millions of dollars of monetizable corporate income tax credits under New Jersey’s Grow-NJ Program, without having to comply with that program’s prevailing wage mandate. […]