2,243 Condos To Recieve Tax Abatement
The ancient Jersey City Medical Center, a prominant feature of the Jersey City's Western Skyline is set to be converted to market rate condos and retail space. The city council is about to approve a 30 year tax abatement for the project.
Is this a sign that gentrification is headed the western reaches of our city or will this project merely be an island of wealth in the sea of urban decay? We tend to think that city planners are right in thinking the project could spur development, but other problems are likely to rise.
Unlike the downtown, Baldwin Avenue is rather far from a PATH terminal or light rail. With 65,000 square feet of retail space planned, the stores will need customers coming from beyond the local pedestrian community: ultimately, the project will be bringing a significant influx of vehicle traffic to the area.
Is this a sign that gentrification is headed the western reaches of our city or will this project merely be an island of wealth in the sea of urban decay? We tend to think that city planners are right in thinking the project could spur development, but other problems are likely to rise.
Unlike the downtown, Baldwin Avenue is rather far from a PATH terminal or light rail. With 65,000 square feet of retail space planned, the stores will need customers coming from beyond the local pedestrian community: ultimately, the project will be bringing a significant influx of vehicle traffic to the area.
0 Comments:
Post a Comment
<< Home