July 11, 2023 | New Jersey Law Journal
What Happens When a Redevelopment Project Goes Into Default or Bankruptcy?One of the most significant considerations for a redevelopment project facing financial distress will be the impact of the prohibition against transfers found in the Local Redevelopment and Housing Law, which requires all redevelopment agreements to include a "provision that the redeveloper shall be without power to sell, lease or otherwise transfer the redevelopment area or project, or any part thereof, without the written consent of the municipality or redevelopment entity."
By Anne S. Babineau and David H. Stein
9 minute read
June 21, 2004 | New Jersey Law Journal
Clearing the Way For Smart GrowthTax incentives under The Long Term Tax Exemption Law are one of the few ways municipalities can provide substantial financial assistance to offset the costs often associated with areas in need of redevelopment.
By Anne S. Babineau
9 minute read
June 20, 2005 | New Jersey Law Journal
In New Jersey, Property's Condition Is Still the FocusThe Supreme Court's opinion in Kelo is likely to provide clarification and guidance. But the controversy surrounding whether acquisitions of private property for redevelopment constitute a "public use" can be expected to continue.
By Anne S. Babineau
10 minute read
June 22, 2007 | New Jersey Law Journal
Harmonizing Land Use and RedevelopmentA recent Appellate Division decision is another example of the courts' fairly consistent pattern of harmonizing the provisions of the Local Redevelopment and Housing Law and the Municipal Land Use Law.
By Anne S. Babineau and Steven J. Tripp
7 minute read
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