Waterfront Developer Writes Down Project Value by Almost a Third

July 26, 2018

“Given the tax credits available to users at the site are scheduled to sunset mid next year, as well as other factors,” said Hankowsky, the company needed to write down the $80 million project by almost a third of its investment.

Last week, a study on those tax incentive programs by the Rutgers University Bloustein School of Planning and Public Policy recommended that the state take another look at how those incentives are awarded. Gov. Phil Murphy also signed an executive order in January calling for the Office of the State Comptroller to carry out a complete audit of the tax incentive programs, expected to be completed later this year.

TapIntoCamden, July 25, 2018

Recent Posts

Sophia Jones, Committed to Cultural Competence

Sophia Jones, PhD, has been a Public Health part-time lecturer at the Bloustein School since 2016. She was recently featured on "Meet the People of Rutgers." Sophia Jones, Committed to Cultural Competence Jeff Arban/Rutgers University The Basics Title: Program...

Upcoming Events

Lunch and Learn: Health and Housing Equity Cluster

Bloustein School, Civic Square Building 33 Livingston Avenue, New Brunswick, NJ, United States

The Rutgers Housing & Health Equity Cluster would like to invite you to join us for an in-person lunch and learn. All are welcome to bring lunch and eat during […]

Event Series CAREERS

Career Virtual Drop-ins


Bloustein Career Development Specialists Cheryl Egan and Andrea Garrido will be in a Zoom Room on Monday's beginning January 22, 2024 (excluding holidays and spring break) to answer questions, provide […]