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For sale' sign to hang on Hoboken municipal garage
The Hoboken City Council has approved a "compromise" plan for the 1-acre municipal garage site, sparking a mad dash to sell the property in time to infuse an expected $5 million into the city coffers before the end of the 2006 fiscal year on June 30.
"We tried to put together a plan that is broad enough to attract developers and narrow enough to let the city do what it needs to do," said Lane Bajardi, chairman of the Observer Highway Advisory Committee. "This is not the end of the process; it is the beginning of the busiest part of the process."
The ordinance was adopted May 3, two weeks after developers and real estate agents failed to urge the council to approve a plan allowing for a 12- to 15- story building.
The following day, officials had already posted a request for proposals on the city's Web site — which must be received by 11 a.m. on May 26.
For sale' sign to hang on Hoboken municipal garage
The Hoboken City Council has approved a "compromise" plan for the 1-acre municipal garage site, sparking a mad dash to sell the property in time to infuse an expected $5 million into the city coffers before the end of the 2006 fiscal year on June 30.
"We tried to put together a plan that is broad enough to attract developers and narrow enough to let the city do what it needs to do," said Lane Bajardi, chairman of the Observer Highway Advisory Committee. "This is not the end of the process; it is the beginning of the busiest part of the process."
The ordinance was adopted May 3, two weeks after developers and real estate agents failed to urge the council to approve a plan allowing for a 12- to 15- story building.
The following day, officials had already posted a request for proposals on the city's Web site — which must be received by 11 a.m. on May 26.
posted by Jones Lang LaSalle NJ News Blog at 2:15 PM
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