I love how pro development everyone in Jersey City is! Related, Vernado, Brookfield, Durst. All other developers, come build here!!
Jersey City City Council votes on two controversial issues; terminates a tax abatement
Finally, the council gave final passage to a resolution clearing the way to sell a parking lot used by Jersey City Municipal Court employees, police and city inspectors at 362 Summit Ave. Yun said the parking lot will be replaced by a building with 55 to 65 residential units which provides no onsite parking.
Another resident lauded the project, saying it would create tax income for the city, boost business on the square and increase property values. A second resident said development is being focused Downtown but Journal Square needs it as well. A union construction worker supported the project saying, “We need jobs.”
Donald Pepe, attorney for the developer, said the project will be designed with all parking required by law. He noted there are dozens of parking lots in the area which would love more business. Finally, he said the building will enhance the neighborhood and generate some $150,000 per year in taxes. He said he has a petition signed by 300 residents in favor of the project.