Marv95 t1_j1t9mtu wrote on December 27, 2022 at 5:29 AM

Reply to comment by MembershipFit7915 in Lionsgate Studio in Newark could qualify for tax break up to $100M by madsheb

>Clearly Newark is on the radar for alot of people businesses at this point.

Mainly due to the incentives. Not because Newark is a great city or NJ is a great state. They saw what the offer was for Amazon and think they can get some of that, and even then not many businesses have moved in nor many MAJOR projects have broken ground let alone being constructed.

MembershipFit7915 t1_j1tdhy5 wrote on December 27, 2022 at 6:11 AM

Sure because of the incentives there is now construction on every corner in the city….great for the growth of the city. However at what point do you stop with the tax breaks? With the influx of people that will be coming the city is missing out on millions it will need to sustain roads transportation ect…At this point if you’re in the business of development Newark is on your radar. Anybody interested in getting a piece of the pie now is late and no large breaks should be given

Nwk_NJ t1_j29rxe1 wrote on December 30, 2022 at 5:58 PM

This is just a tad optimistic in my opinion...there are much more glamorous locales within a stone's throw of Newark proper, and a business can still tap into Newark and the surrounding area and population from one of those locales ...Unless you are a residential developer, I don't think anyone is late or desperate to get a piece of the pie at this juncture. Maybe in another 5-10 years however.