VIDEO: New Taxes Aren't Bad for Development

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NEW YORK CITY-New taxes in New Jersey aren’t a bad thing for developers. Instead, funds funneled into Tax Increment Financing (TIF) will give commercial property owners much-needed funds to redevelop projects, said Ted Zangari, chairman of the redevelopment law practice group at the Newark-based law firm Sills Cummis & Gross, in a conversation with GlobeSt.TV.

But “this is a not a boon to developers,” he said in a conversation with Alyson Grala, associate editor of Real Estate New Jersey. Before the economic meltdown even started, redevelopment projects were tough to get done, he added. To view the full GlobeSt.TV interview, click the link below.

http://www.globest.tv/leaders-series/ted-zangari-of-sills-cummis-gross /