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NEW BRUNSWICK, NJ-Rutgers University’s $330 million project development project – which includes its first new academic building in half a century – had its formal groundbreaking Thursday, drawing Gov. Christopher Christie and a bevy of public officials to College Avenue.

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

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