Along with the unprecedented economic growth, development and prosperity New Jersey has experienced over the past decade, broad-based initiatives have been advanced at many levels to foster redevelopment in urban areas and suburban downtowns. In fact, it is these areas that will likely experience the next major round of building in New Jersey.
This Article highlights some of the factors that are encouraging such redevelopment. The discussion is followed by an examination of some of the tools available to local governments to assist and implement such redevelopment.
The State Plan
A new State Development and Redevelopment Plan is near adoption. The first was created in 1992. The purpose of the State Plan is to establish a vision and a plan for the future of New Jersey. The intent is to manage and shape new growth and encourage redevelopment in ways that would revive cities; preserve the environment, open spaces and natural resources; provide affordable housing; and deal with
