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NJ A4707
Bill
Status
3/6/2025
Primary Sponsor
William Moen
Click for details
AI Summary
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Authorizes the Department of the Treasury to sell the former Riverfront State Prison property in Camden, consisting of 16½ acres (Block 79, Lot 13)
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The New Jersey Economic Development Authority (NJEDA) will purchase the NJEDA Site portion for the lesser of $5,000,000 or appraised value
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The City of Camden will purchase the City Site portion for $1, with the condition it be used solely for public parks, recreation, or right of way
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As a condition of sale, Camden must transfer the Southwest Site (at State Street and Delaware Avenue) to NJEDA, which can then sell both the NJEDA Site and Southwest Site for redevelopment
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The sale does not require State House Commission approval or additional legislative approval, and repeals P.L.2013, c.22
Legislative Description
Authorizes State Treasurer to sell as surplus certain real property and improvements in City of Camden in Camden County.
Bills and Joint Resolutions Signed by the Governor
Last Action
Approved P.L.2025, c.30.
3/6/2025