BLOG: Condemnation Law
More on Fort Lee Redevelopment
As recently blogged here, Fort Lee recently revisited the former Helmsley property in the Borough as one of its redevelopment areas. The newest group of redevelopers slated to tackle an allegedly blighted area are confident that they can succeed where others have failed. NorthJersey.com reports that Bergen County developer James Demetrakis, Esq. has teamed up with... Read More
Jury Awards Double NJ Transit's Offer for Property Taken by Eminent Domain
The families who owned the Mother’s Park and Ridelot in Wayne, New Jersey were awarded $2.6 million in just compensation by Passaic County jury last week for the taking of their property through eminent domain by NJ Transit. The property was originally acquired by DJ Properties to be converted to a restaurant, but the owner... Read More
California Redevelopment Law No Longer a Blight to Property Owners
In December 2011, the California Supreme Court upheld legislation dissolving the State’s redevelopment agencies which must now turn over their property tax revenues to the State. Dissolving the redevelopment agencies was part of cost-cutting measures taken by Governor Jerry Brown to address a massive budget shortfall. Approving the Court’s decision, critics of the redevelopment agencies... Read More
Eminent Domain Going Nuclear!
The people of Vermont are up in arms about the Nuclear Regulatory Commissions license renewal issued to Vermont Yankee nuclear power plant. The plant sits on the Connecticut River in Vernon Vermont and provides about 35% of the energy for the entire state of Vermont. Photo courtesy of www.vtdigger.org The license was renewed by the... Read More
Speedwell Redevelopment Plan Approved
The Morristown Town Council unanimously approved the Speedwell Redevelopment Plan last evening. This plan calls for the development of 650 new housing units and 40,000 square feet of retail space over three phases. The first phase of the project calls for the redeveloper to construct 268 housing units on a Morristown DPW property off of early... Read More
Morristown – Amended Speedwell Avenue Redevelopment Plan on January 12, 2012 Agenda
Morristown Patch reports that the Town Council will vote on an Amended Speedwell Avenue Redevelopment Plan on January 12, 2012. IPhoto Credit – John Dunphy, Morristown Patch As noted in the Patch article, its been a long-time coming. The redevelopment initiative for the Speedwell Avenue area began in the early 2000s with an actual “in need of... Read More
Aberdeen and Matawan to Re-evaluate Train Station Redevelopment Area
As reported in the Asbury Park Press, the Matawan-Aberdeen train station redevelopment area – first designated 10 years ago – is being sent back to the planning board to determine whether the area is still “in need of redevelopment.” As referenced in the article, the municipality is addressing the area now because of changes in... Read More
McKirdy & Riskin attend Eminent Domain Conference in China
Edward McKirdy and Harry Riskin, McKirdy & Riskin‘s founding partners, recently attended the Brigham-Kanner Property Rights Conference in Beijing, China. The annual conference, which focuses on the interplay of civil rights and property rights, brought legal scholars, jurists, and practitioners from the United States and China together at Tsinghua University in Beijing to discuss and... Read More
Parkway Lofts Redevelopment Construction Financing Deal Inked
As reported by Multi-Housing News.com, CBRE secured construction $47.5 million in financing from US Bank to proceed with The Parkway Lofts at Watsessing Station, a 361-unit to-be-built redevelopment project located in Bloomfield, N.J. The construction will utilize an existing warehouse and the adaptive reuse will maintain existing signature design elements like the 15 foot high quilt-paneled windows.... Read More
Harrison Tp (Gloucester) Adds Redevelopment Area
Harrison Township in Gloucester County NJ has a new redevelopment area . As reported by the Gloucester County Times, the area was designated in need of redevelopment in order to make PILOTs (Payments In Lieu Of Taxes) and other incentives available to the putative developer of the property who originally intended to construct single family residential... Read More
