NEWARK-In an agreement announced late yesterday, the teams' owner will pay $115 million, and most of the rest of the money will come from tax revenues generated by the complex itself.

MIDDLETOWN, NJ-One of the proposed changes would reduce commercial space by half, but the community's governing body puts off formal changes for another two weeks. Locally-based Mountain Hill Group wants to develop 1.7 million-sf.

ELIZABETH, NJ-Newark International, which has lost 3,000 spaces in the last five years due to construction, will lease a 10-acre tract from this city to create 1,200 spaces.

CAMDEN, NJ-Proposal put forward by acting Governor Donald DiFrancesco would amount to a state takeover of one of the country's most troubled, and by most yardsticks the second poorest major city.

NEWARK-The 222,000-sf 76-year-old Military Park Building will get a top-to-bottom renovation by its ownership partners, Kushner Cos. and Blackacre Capital Management. The 21-story landmark building, also known as 60 Park Place, was built back in 1925.

NORTH BERGEN, NJ-Webvan, the online grocery delivery service, is returning the space to the region's industrial market as the e-commerce retrenchment continues. Insignia/ESG's Ben Katz and Matthew Corpuel will lead the subleasing effort.

TETERBORO, NJ-Forsgate Industrial Partners will reposition the 48-year-old former warehouse building as a state-of-the art speculative property with 34-foot ceilings. It was originally constructed as a warehouse facility for Bigelow Carpets.

EAST HANOVER, NJ-Market research firm is expanding and moving its corporate headquarters from a nearby location to Lincoln Equities' 187,000-sf class A building. The new tenant is a member of the United Information Group Healthcare.