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Thursday, nov 7
Tag:
Economic Development
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 …
News
New Details Released On $20M Upgrade For Atlantic City's Boardwalk
The most iconic part of Atlantic City is getting tens of millions of dollars in upgrades. But many millions more are needed to fully repair the Atlantic City Boardwalk. The city held a news conference on Tuesday, Mar. 12 to discuss the next steps in the major undertaking to fix up the boardwalk. Atlantic City and Asbury Park got the largest shares of the $100 million from the state's Boardwalk Preservation Fund. Each city will receive $20 million to make vital improvements to their boardwalks. The media event was also an opportunity to show off the work already being done on the board…
News
Indoor Sports Complex Approved As Latest Addition To Cape May Airport
A large indoor sports complex is coming to Cape May County, featuring year-round space for sports like soccer and lacrosse. The commission for the Delaware River and Bay Authority (DRBA) unanimously approved a resolution to enter a lease agreement with Aviation Sports Complex LLC. The DRBA announced the agreement on Tuesday, Jan. 30. The developer is planning to build an 80,000-square-foot domed facility at Cape May Airport. Aviation Sports will pay the DRBA an annual rent of $0.25 per square foot, which would be $20,000 per year. The Aviation Sports Complex at Cape May wil…
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…
Business
New Chick-fil-A Coming To South Jersey
A popular fast-food chicken chain is expanding to a new South Jersey location. Cinnaminson township authorized an agreement last week with Delco Development LLC to build a new Chick-fil-A restaurant on Route 130 South. "Our economic development team has been actively pursuing Chick-fil-A for some time and we are fortunate to have found an outstanding partner in Delco Development so we can pursue this economic development initiative," Committeeman Ryan Horner, liaison to the township economic development committee, said in a statement. The fast food restaurant will be built between a …
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
$750M Cancer Pavilion Project Planned For Middlesex County
Middlesex County is investing $25 million in a new Cancer Pavilion project set to open in about three years, officials announced. The state's first free-standing comprehensive cancer pavilion was detailed during a Wednesday video-call. The entire project is expected to cost $750 million. Middlesex County is partnering on the ambitious project with Rutgers Cancer Institute of New Jersey, RWJBarnabas Health, New Brunswick Development Corp. (DEVCO) and the City of New Brunswick, officials said. The world-class facility will provide essential patient care in cancer treatment as well as cre…
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