Indeed, the administration of Gov. Christie Whitman has made a crusade of preserving open space, but without upsetting the economic development apple cart.
Under a new proposal, companies would receive the benefits of EDA's structured financing (relief from sales taxes and other costs by using state funding to pay for certain major expenses) only if they comply with the state's plan to stay away from open spaces targeted for preservation. Compliance with the state plan has been voluntary - and largely ignored - and this would be the first time compliance would be specifically written into the codes.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
