According to a 2016 report by Rutgers University’s Edward J. Bloustein School of Planning and Public Policy, the federal historic tax credit cost the U.S. Treasury $25.2 billion and generated $29.8 billion in taxes since the program’s inception in 1978. The report says that in 2016, the program created 109,000 jobs and generated a combined $1.7 billion in taxes from the local, state and federal levels.
Dan Kennedy (MCRP ’07): CRE Roadmap for Next Governor
As New Jersey prepares to elect its next governor, NAIOP NJ, the commercial real estate development association, has published a comprehensive roadmap for economic revitalization and sustainable development for the consideration of both candidates for governor. As a...