NJEDA Awards Four South Jersey Communities Planning Grants Through its 21st Century Redevelopment Program
On September 22, the New Jersey Economic Development Authority (NJEDA) awarded four South Jersey communities grants to help them create plans to redevelop, repurpose, or regreen stranded assets, such as vacant and underutilized retail or office complexes, that have a major impact on local economic conditions. Each awardee will receive a $50,000 grant through the NJEDA’s 21st Century Redevelopment Program.
The awards announced will help the following South Jersey communities strategically plan their redevelopment:
City of Atlantic City: The City of Atlantic City, in conjunction with Casino Reinvestment Development Authority, will author a plan on the redevelopment of the Plaza Hotel Site, a 1980s era casino resort and adjacent properties. The plan will work towards the creation of a development corridor that connects the Convention Center and a new retail development to the boardwalk and the beach.
City of Millville: The City of Millville will utilize 21st Century Redevelopment Grant funds to develop a plan and roadmap for assessing and addressing the distressed retail and commercial assets in the Glasstown Arts District. The distressed assets have both hindered efforts to grow creative economy jobs and impacted local ratables for several years.
Pemberton Township: Pemberton Township will fund a market study focused on the redevelopment of the former Burlington County College – Pemberton Campus. The study will provide recommendations for the development of the site with a dual focus on community needs and market demands.
Willingboro Township: The Township of Willingboro will execute an analysis of the Willingboro Grand Marketplace site, a former 1970s mall complex in a major commercial corridor, with an aim to identify sustainable, community-focused reuse. The analysis will include a marketing study, resident and stakeholder surveys, evaluation of potential reuses, economic feasibility analysis and conceptual design ideas for the property as well as amendments to the Township’s redevelopment plan.