North Bergen grants 30-year tax abatement to redeveloper of parkfront land
North Bergen has approved a long-term tax abatement for a redeveloper of prime real estate. 8619 Holding Company, LLC was previously designated by the board as the redeveloper. The PILOT agreement calls for a development with an unclear height and 128 units on the site. Final site plan approval still needs to be given to 8619 Holding Company for the redevelopment of a former bicycle shop. No members of the public spoke at the public hearing in August, but were offered opportunity to open on ground floor.
