NEW BRUNSWICK, NJ-Rutgers University's $330 millionproject development project – which includes its first new academicbuilding in half a century – had its formal groundbreakingThursday, drawing Gov. Christopher Christie and a bevy of publicofficials to College Avenue.

The project, which is funded in part with a $33 millionUrban Transit Hub tax credit, is one of the last beneficiaries ofthat state program before a revamping. Christie signed a completeoverhaul of development incentives into law on Wednesday, whichsignificantly broadens the locations that are eligible for taxcredits aimed at creating and retaining jobs.

The College Avenue development also received a $55 millionstate grant for higher education capital projects.

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