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Thursday, dec 26
Tag:
Economic Development
News
Newark Airport Reimagined: Plans To Transform NJ Airport Into World-Class Gateway Revealed
It's Newark Airport like you've never seen it before. The Port Authority of New York and New Jersey has revealed plans to upgrade the airport with hopes of transforming it into a "world-class getaway" with modernized terminals. It's called the EWR Development Plan, and it calls for a complete upgrade of Terminal B to match the newly renovated Terminal A, an overhaul of the outdated roadway network, and a redesign of the delay-prone aircraft taxiway network. The Port Authority expects to begin a two- to three-year planning process in 2025 for major elements of the redevelopment, …
News
Long-Vacant North Jersey Movie Theater Finally Getting Its Happily Ever-After
After several years of vacancy, a Montclair movie theater will soon be brought back to life. The Tudor-style Bellevue Theater in Upper Montclair has sat vacant since the prior operator's lease ended 2017, but at a meeting on Monday, June 10, redevelopment plans were unanimously approved. Bellevue Theater in Montclair. Google Maps The plans call for transitioning one of the four theaters into retail, there by connecting Upper Montclair Plaza to the retail of Bellevue, "a great win for all," said a spokesperson for RHG Architects + Design, who are working on the project. The…
News
Former Site Of Hackensack YMCA Approved For 'Landmark Project'
The revitalization of Hackensack's downtown continues — with the approval of a high-end apartment building approved at the site of the shuttered Hackensack YMCA. The City Planning Board approved a 254-unit high-end residential building with a 6,000 square foot public plaza at 360 Main Street, officials announced on Wednesday, May 15. The building has been vacant since the YMCA closed in 2022 after 90 years. Once fully leased, the "landmark project" is expected to generate more than $1 million in annual tax revenue on a formerly tax-exempt site, while creating an estimated 1,000 constr…
News
Film Studio Part Of $1 Billion NJ Waterfront Project Will Be Funded By $4.7M Grant
A movie production studio in Carteret got a financial boost from New Jersey through a $4.7 million state grant. It's part of a $1 billion, 10-acre redevelopment project, according to Carteret Mayor Daniel J. Reiman. The project includes a 1.2 million-square-foot movie production studio complex called "Carteret Stages." Five grants totaling $9.5 million were awarded throughout the state as part of the New Jersey Economic Development Authority's Film and Digital Media Studio Infrastructure Program. Nearly half of the state funds went to Carteret to build public access to a former brownfield …
Business
NJ Birthplace Of Moving Motion Picture Now Has Museum, Screening Facility
Hollywood isn't where the motion picture industry got its start — that would be Fort Lee. And the borough finally has the Barrymore Film Center & Museum to honor that. The newly-built facility will open Friday, Oct. 21, marking the beginning of unique film programming in the region. It features a 260-seat cinema, film museum and archive — dedicated to the role Fort Lee played as the birthplace of the film industry. Fort Lee Mayor Mark Sokolich spearheaded efforts to build the BFC and ensure its success as a film center and museum, but also an economic boost for the region. C…
News
Lionsgate Production Studio Expected To Bring 600 Jobs To NJ's Largest City
The largest city in New Jersey is about to get some major movie attention and it's going to need a big crew to keep it afloat. Newark Mayor Ras J. Baraka and Governor Phil Murphy recently announced that Lionsgate will be opening a brand new 12-acre TV and film complex in Newark, worth more than $125 million. The facility will be the first "purpose-built studio" in New Jersey to cater specifically for TV and film production, according to a release from Mayor Baraka. The studio is also expected to create more than 600 new jobs with priority going to Newark residents. “Bringing a project o…
News
Legalize It? NJ Pot Supporters First Need To Know Where To Find It On Ballot, Advocates Say
Polls show most New Jerseyans want marijuana legalized, but what Garden State voters may not know is that the question is on the back of the election ballot. A recent survey by the Stockton University Polling Institute found 66% of New Jersey respondents favoring legalized leaf. Separate polls have gotten 65% and 61% thumbs up, respectively. But those are polls, not elections. The difference: Referendum questions always go at the end of ballots, which usually leads to slimmer margins than polls. This year, the cannabis legalization question is on the back of the ballot. It’s left some a…
News
Legalize
IT? NJ Pot Supporters Need To Know Where To Find It On Ballot, Advocates Warn
Polls show most New Jerseyans want marijuana legalized, but what Garden State voters may not know, advocates say, is that the question is on the back of the election ballot. A recent survey by the Stockton University Polling Institute found 66% of New Jersey respondents favoring legalized herb. Separate polls have gotten 65% and 61% thumbs up, respectively. But those are polls, not elections. The difference: Referendum questions always go at the end of ballots, which usually leads to slimmer margins than polls. This year, the cannabis legalization question is on the back of the ballot. …
Business
Amazon Reveals Average Salary, Number Of Jobs It Will Add At HQ2
Amazon has revealed the number of jobs it expects to add and the average annual salary at its new second headquarters after announcing 20 finalists, including New York City, for the new location late last month.Amazon said it expects to invest more than $5 billion in construction and grow this second headquarters to include as many as 50,000 high-paying jobs with an average salary of $100,000. Seattle-based Amazon did not disclose how it determined the finalists after receiving nearly 300 applications from localities. The winner will be selected later this year. No specific month for that …
Business
Amazon Reveals Average Salary, Number Of Jobs It Will Add At HQ2
Amazon has revealed the number of jobs it expects to add and the average annual salary at its new second headquarters after announcing 20 finalists, including New York City, for the new location Thursday morning.Amazon said it expects to invest more than $5 billion in construction and grow this second headquarters to include as many as 50,000 high-paying jobs with an average salary of $100,000. Seattle-based Amazon did not disclose how it determined the finalists after receiving nearly 300 applications from localities. The winner will be selected later this year. No specific month for that…
Business
Amazon Names 20 HQ2 Finalists
Amazon announced 20 finalists for its second headquarters on Thursday morning, with nearly all big U.S. cities, including New York.Seattle-based Amazon did not disclose how it determined the finalists after receiving nearly 300 applications from localities. The winner will be selected later this year. No specific month for that selection was announced. Amazon said it expects to invest more than $5 billion in construction and grow this second headquarters to include as many as 50,000 high-paying jobs with an average salary of $100,000. Here are the 20 locations chosen by Amazon as the HQ2 …
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