30-year tax breaks planned for Jersey City college projects

Posted by Stringer on 2017/1/10 20:46:38

30-year tax breaks planned for Jersey City college projects

By Terrence T. McDonald | The Jersey Journal
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on January 10, 2017 at 7:54 PM

JERSEY CITY -- Thirty-year tax breaks are up for final approval by the City Council tomorrow for two projects on the New Jersey City University campus.

The projects come with a total cost of $84.6 million and comprise three four-story, market-rate apartment buildings planned for the public university's west campus.

Two of the buildings are slated for Carbon Place just west of West Side Avenue and will house a total of 152 residential units and nearly 12,000 square feet of commercial space. There will be parking for 146 cars in garages and a surface lot.

The third building will be located between Route 440 and West Side Avenue on what will be called University Place Boulevard. That building will house 139 units and a 151-space parking garage.

Read more:  http://www.nj.com/hudson/index.ssf/20 ... _jersey_city_college.html

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