HOBOKEN, NJ—The Hoboken City Council has approved by an 8-1 vote plans to redevelop the city's rail yards.
The next step in what has been a more than decade long process is to enter an interim cost agreement with NJ Transit or the project's designated developer LCOR. Council members say that the plan approved on Tuesday is not in its final form, noting that much of the redevelopment initiative's details are still to be negotiated, according to NJ.com.
"This is literally a beginning. It's not an end," Councilman Ravider Bhalla, who voted for the plan, says.
Councilwoman Beth Mason, who voted against the redevelopment proposal, says, "This plan is too big for Hoboken. I believe there is definitely a more common sense plan."
The latest redevelopment plan, introduced in October, calls for a 2.2-million-square-foot mixed-use project, two-thirds of which would be office buildings. The office component of the project would have a maximum height of 22 stories. Residential buildings would be up to 13 stories tall. See story at NJ.com.
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