In 2009, our firm worked with The Hudson County Improvement Authority, the County of Hudson, the City of Bayonne Redevelopment Agency and the City of Bayonne (the “City”) in a multi-public body financing through the New Jersey Environmental Infrastructure Trust (the “NJEIT”) of a portion of a redevelopment project consisting of the remediation of a former petroleum site and the construction of a 356,000 square foot “big box” retail project located in the City of Bayonne. The financing, secured by Payments In Lieu Of Taxes, a Letter of Credit during construction and guaranties of the County and City, involved ten different public entities, required over 80 public votes, 23 different public/government approvals and permits and endured multiple lawsuits, all during an economic recession. The success of the financing depended on our firm working closely with each of the public entities, the redeveloper and the NJEIT in creating solutions to questions never asked of the NJEIT in prior financings. As a result, in part, of our prior experience with the NJEIT and our working relationship with members of the NJEIT and the New Jersey Department of Environmental Protection, the City will now replace a severely contaminated 30-acre parcel of land with an exciting new retail power center that will generate tax revenue, urban enterprise zone revenue and thousands of construction and full-time jobs. For more information on this project, please contact Joseph P. Baumann, Jr., Member.
Case StudiesCity of Bayonne – Bayonne CrossingJoseph P. Baumann, Jr., Matthew D. Jessup, Wanda Chin Monahan, Christopher B. Langhart, Jong Sook Nee  City of Jersey City – Lincoln ParkWe worked with multiple federal and state agencies and drafted agreements involving the New Jersey Department of Environmental Protection, Hudson County Improvement Authority, Port Authority of New York and New Jersey and the State’s designated contractor to close a sanitary landfill and redevelop the area into a 9-hole public golf course. The project required the acquisition of hundreds of thousands of cubic yards of dredged sand supplied by the Army Corp of Engineers and was in part financed by a grant pursuant to the American Recovery and Reinvestment Act of 2009. For more information on this project, please contact David J. Mairo, Member.  City of Passaic & Borough of Carteret – Passaic River LitigationWe represent these municipalities in litigation associated with the pollution of the area known as the Newark Bay Complex. The matter currently involves hundreds of both public and private entities with remedial costs estimated in the hundreds of millions of dollars. For more information on this project, please contact David J. Mairo, Member. Southampton, New Jersey – BEMS LandfillWe represent a Fortune 500 Corporation in a multi-million dollar New Jersey Spill Compensation and Control Act Cost Recovery matter brought by the State of New Jersey. The matter is being mediated with a Neutral pursuant to a court-ordered Alternative Dispute Resolution process. For more information on this project, please contact David J. Mairo, Member. |