Author Topic: The Future of Lakewood  (Read 107519 times)

Offline YitzyS

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Re: The Future of Lakewood
« Reply #1080 on: July 09, 2021, 08:03:08 PM »
Why would you think that not? (What makes you ask)
The lot is owned by a school and is being developed under a loophole that allows certain educational campuses to be developed as duplexes.
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Offline yesitsme

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Re: The Future of Lakewood
« Reply #1081 on: July 10, 2021, 09:46:16 PM »
The lot is owned by a school and is being developed under a loophole that allows certain educational campuses to be developed as duplexes.
And they're not selling the units?
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Offline Deal Guy

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Re: The Future of Lakewood
« Reply #1082 on: July 10, 2021, 09:59:45 PM »
The lot is owned by a school and is being developed under a loophole that allows certain educational campuses to be developed as duplexes.
Correct. That's why I'm asking.

If every yeshiva can put up 50 or 100 houses and not pay property tax, yet provide $6000 of bussing for each house, the taxes that everyone else will need to pay for them will be ridiculous.

Offline yelped

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Re: The Future of Lakewood
« Reply #1083 on: July 10, 2021, 10:52:45 PM »
Correct. That's why I'm asking.

If every yeshiva can put up 50 or 100 houses and not pay property tax, yet provide $6000 of bussing for each house, the taxes that everyone else will need to pay for them will be ridiculous.
Even with all the shtick that goes on in Lakewood I think all of the housing that gets put up pays property tax.

Offline yuneeq

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Re: The Future of Lakewood
« Reply #1084 on: July 10, 2021, 11:10:49 PM »
Even with all the shtick that goes on in Lakewood I think all of the housing that gets put up pays property tax.

From November 2020

IT'S OFFICIAL: Lakewood's Township Committe granted 5 year tax abatements to Prime Apartments and the new Chateau Grande shopping center.

Lakewood's Township Committe today voted on final reading to grant 5 year tax abatements to Prime Apartments Limited Liability Company which owns the Prime Apartments building at 325 7th Street, and Chateau Holdings, L.L.C. which owns the commercial building on property under construction at 939 River Avenue.⁣

The tax abatements would begin once the buildings are deemed by the tax assessor as "complete and ready for use for their intended purpose". The first year after completion the owners would pay $0 in property taxes, the second year they would pay 20%, the third year 40%, the fourth year 60%, and the fifty year 80%. After the 5 years they will need to pay the full amount of taxes due.⁣

The Prime Apartments building is currently assessed at over $19 Million and paid $442,621.95 in property taxes in 2020. Chateau Grande paid $37,374.40 in property taxes in 2020.

State Legislation (N.J.S.A. 40A:21-1 et seq.) permits the Commissioner of the Department of Community Affairs to allow qualified municipalities to grant tax abatement of real property taxes for new construction under certain circumstances; and Lakewood Township has been qualified to grant tax abatements.⁣

Mayor Coles stated that the Chateau Grande application states that the new building is a 27,000 sq feet addition to the first shopping center building, and it is expected to create 100 new jobs.

Committeeman Meir Lichtenstein did not vote on this ordinance. The rest of the committee voted to approve the abatement.

Someone sent a letter to the committee saying that when the Zoning Board granted the use variance for Prime Apartments, there was a condition that the owner not apply for any abatements. Mayor Coles said he will look into that.

Mayor Coles also stated that the Capitol Motel which was previously on this site, was a "blighted area" for the township, and generated over 350 calls for police service per year which cost the taxpayers approximately $57,000 a year.

This is the first time that the committee has granted an abatement to a residential building.

Committeeman Meir Lichtenstein voted no to the abatement. The rest of the committee voted yes.

Offline yelped

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Re: The Future of Lakewood
« Reply #1085 on: July 10, 2021, 11:24:28 PM »
That's right, I remember that totally unjustified tax abatement, I was referring to private housing.

Offline yuneeq

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Re: The Future of Lakewood
« Reply #1086 on: July 10, 2021, 11:34:09 PM »
That's right, I remember that totally unjustified tax abatement, I was referring to private housing.

Similar idea, half a million dollars worth of housing taxes is shouldered by everyone else

Offline yelped

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Re: The Future of Lakewood
« Reply #1087 on: July 10, 2021, 11:35:02 PM »
Similar idea, half a million dollars worth of housing taxes is shouldered by everyone else
Correct, and only one individual benefits as opposed to a tax abatement for a development where at least some families living there benefit.

Offline yesitsme

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Re: The Future of Lakewood
« Reply #1088 on: July 12, 2021, 08:58:26 PM »



Offline yesitsme

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Offline Euclid

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Re: The Future of Lakewood
« Reply #1090 on: July 13, 2021, 08:57:29 PM »
https://lnnnews.com/2021/07/13/state-advances-plans-for-route-9-improvements/
Some of these are good.

Some of them are horrific - the Hurley/Central one, for example.

Offline yesitsme

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Re: The Future of Lakewood
« Reply #1091 on: July 13, 2021, 08:59:46 PM »
Some of these are good.

Some of them are horrific - the Hurley/Central one, for example.
and then they will find out why it's needed, like the turning lane on ceder bridge and clover, turning light is good but why for so long?
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Offline avromie7

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Re: The Future of Lakewood
« Reply #1092 on: July 13, 2021, 10:09:17 PM »
Some of these are good.

Some of them are horrific - the Hurley/Central one, for example.
It's a trade off. Rt 9 from rt 88 to central is one of the most congested parts of lakewood, time will tell if the trade off is worthwhile.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline yelped

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Re: The Future of Lakewood
« Reply #1093 on: July 13, 2021, 11:47:47 PM »
It's a trade off. Rt 9 from rt 88 to central is one of the most congested parts of lakewood, time will tell if the trade off is worthwhile.
Is it that hard to widen the bridge? Or even to dualize the 9 until Chestnut? To me it looks like they're short one foot to make it 2 lanes.

Offline yesitsme

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Re: The Future of Lakewood
« Reply #1094 on: July 13, 2021, 11:49:42 PM »
Is it that hard to widen the bridge? Or even to dualize the 9 until Chestnut? To me it looks like they're short one foot to make it 2 lanes.
Costs 555 million

"In 2015, the North Jersey Transportation Planning Authority, the federally authorized Metropolitan Planning Organization for the 13-county northern New Jersey region, presented plans for a center left turning lane along this section of Route 9.

In June 2020, DOT notified local officials that that project would cost $555 million and DOT had decided to withdraw their plans for a project of that scope."
 https://lnnnews.com/2021/07/13/state-advances-plans-for-route-9-improvements/#:~:text=In%202015%2C%20the,of%20that%20scope.

Offline yelped

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Re: The Future of Lakewood
« Reply #1095 on: July 13, 2021, 11:50:44 PM »
Costs 555 million
I'll do it for 333 million.

Offline yuneeq

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Re: The Future of Lakewood
« Reply #1096 on: July 14, 2021, 01:43:25 AM »
https://lnnnews.com/2021/07/13/state-advances-plans-for-route-9-improvements/

Great quality article, hopefully they can continue putting out quality pieces like this.

Offline grodnoking

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Re: The Future of Lakewood
« Reply #1097 on: July 14, 2021, 07:46:07 AM »
Some of these are good.

Some of them are horrific - the Hurley/Central one, for example.
Meh. Once the light is up and running @Williams/james, taking William's will be best way to get to central anyways. Since they are making the left turn onto 88 from 9 southbound better that will also be smoother to Cederbridge.
I'm not who you think I am.

Offline YitzyS

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Re: The Future of Lakewood
« Reply #1098 on: July 14, 2021, 03:00:29 PM »
Think we can get TLS and LNN on board with this?
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Offline yelped

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Re: The Future of Lakewood
« Reply #1099 on: July 14, 2021, 06:24:44 PM »
Think we can get TLS and LNN on board with this?
TLS: 0% chance. LNN: 30%.