Richard P Deangelis Jr

Richard P Deangelis Jr

September 26, 2019 | New Jersey Law Journal

'Stranded Assets' Bill May Change Playing Field for Local Redevelopment, but Will It Work?

This summer, Governor Murphy signed into law P.L. 2019, c. 229, a bill designed to give municipalities a new tool to combat what many have labeled the "stranded asset" problem—vacant and underutilized retail shopping malls or centers and office buildings.

By Anthony F. DellaPelle and Richard P. DeAngelis Jr.

8 minute read