Skip to content

A town square for an unsquare town

redbankgreen

Standing for the vitality of Red Bank, its community, and the fun we have together.


Our community pillars help us carry out our 100-Year Vision

Check it out

Non-profit Organization

Red Bank River Center

The Red Bank River Center promotes local merchants, recruits new businesses, stages vibrant downtown events, and beautifies our streetscapes.

Learn More
organization-banner
organization-banner

RED BANK: REDEVELOPMENT HEARING SLATED

red-bank-redevelopment-study-area-081221-500x319-3364048Outline indicates the properties under consideration for “area in need of redevelopment” designation. (Click to enlarge)

By JOHN T. WARD

hot-topic_03-220x138-220x138-7378486A possible zoning reclassification for the site of an approved 210-unit apartment project is scheduled go to the Red Bank planning board Monday night.

The review will offer the first public airing of a request by would-be developer Saxum Real Estate for tax breaks in order to proceed with the project.

176-riverside-061418-3-500x375-3964029Saxum’s project would replace the former Visiting Nurse Association headquarters at Riverside Avenue and Bodman Place. (Photo by John T. Ward. Click to enlarge)

Borough Redevelopment Agency consultant Ken DeRoberts said last month that Parsippanny-based Saxum claims to need tax relief in the form of a payment in lieu of taxes, or PILOT agreement, in order to build the project.

DeRoberts said Saxum is not seeking an increase in the number of approved units, nor to reduce the number of affordable units – 32 – required under the planning board’s existing approval, granted in December, 2019. But the increased cost of building materials since then changed the economics of the project, he said.

“This is primarily a financially driven plan,” DeRoberts told the agency. Saxum’s request “is based on the fact that they need a PILOT from the municipality in order to make the project economically viable.”

In June, the borough council, which will decide both the zoning and taxation questions, directed engineering consultant CME Associates to review the 3.2-acre site Saxum property, along with others in the area, for possible redesignation under New Jersey law to an “area in need of redevelopment,” from the present “area in need of rehabilitation.”

Also in the review were two abandoned gas station sites at Riverview Avenue and Route 35, as well as properties on the west side of Bodman Place. CME found all, except the Coastal Building office structure, met one or more criteria for a redesignation under state law.

Here’s the CME report., whose cost was to be borne by Saxum.

The report makes no mention of the PILOT benefit. PILOTs generally call for tax exemptions for a specified period, up to 30 years, on site improvements. Instead, beneficiaries of the exemptions make specified “in lieu” of tax payments that, unlike standard levies, the town would not have to share with school districts.

The meeting is scheduled for 7 p.m., in-person only, at borough hall, 90 Monmouth Street. Here’s the agenda, which also includes a hearing on a plan for 10 new apartments at the corner of Riverside Avenue and Allen Place.

Remember: Nothing makes a Red Bank business owner happier than to hear "I saw your ad on Red Bank Green!"
Partyline
COMMUNITY PROFILES
For Black History Month, Red Bank's Community Engagement and Equity Advisory Committee has been running a series of local profiles on Facebo ...
HEARTY FAREWELL FOR HARDY
RED BANK: Council to honor DPU supervisor Rich Hardy, who retired recently after almost 39 years of keeping things running.
HOMEBOUND? READ ON…
RED BANK: Can't get to the public library? It's now offering free delivery and pickups for homebound borough residents.
TAMING A BEAST OF A WEEK
RED BANK: After the second snowfall of the week, a borough family finds the perfect use for it – a Godzilla snow sculpture.
RED BANK: LIBRARY CLOSED, BUT THE HILL’S OPEN
RED BANK: Though the library was closed by a snowstorm, kids got to enjoy the riverfront property's steep slope Tuesday.
LIGHT(HOUSE) MAKEOVER
This year, getting ready for spring means a midwinter makeover for Strollo's Lighthouse in Red Bank.
TODAY: LOCAL PUPPY COMPETES ON ANIMAL PLANET’S “PUPPY BOWL”
Red Bank’s very own rescue puppy, Biscuit, is set to compete in Animal Planet’s Puppy Bowl this Sunday, February 11, at 2 PM. Th ...
WHAT? NO redbankgreen NEWSLETTER?
Apologies to redbankgreen newsletter subscribers: the daily email hasn’t gone out for two days because of technical issues.
RED BANK: TIRED OF SKEETERS?
RED BANK: Tired of mosquito bites every summer? Monmouth County has a free program to help eliminate skeeter breeding grounds.
SEA BRIGHT: POLAR PLUNGE FOR ST. JAMES, OTHERS
Hundreds braved the wind and sea on Sunday at 1PM in support of St. James Elementary School, and other Catholic schools in the area. The eve ...
RED BANK: RBR CLAIMS TITLE
RED BANK: Watch pure joy as the RBR boys basketball team celebrates its first B North championship in 17 years.
RED BANK: FORGET-IT FRIDAY
RED BANK: Train Station can be a lonely place Friday mornings, especially with cold rain in the forecast.
RED BANK: CROONING YOUR LOVE
RED BANK: Imagine a quartet of impeccably dressed gentlemen showing up at your beloved's workplace, singing of your love.
RED BANK: BLACK RIVER ROLLS ON
RED BANK: A 68-year-old rail freight engine can still be counted on to draw a trainspotting fan or two when it rolls through town.
RED BANK: ‘MONDAY SWEAT’ MEETS
RED BANK: Joined by the Hazlet Running Club, members of the Red Bank Run Club met for their "Monday Sweat" at Count Basie Field.
RED BANK: CARD SALE BOOSTS GYM DRIVE
RED BANK: Charter School Foundation offers student-deisgned Valentines cards to help raise funds for a gymnasium.
RED BANK: LOVE IS IN THE… WINDOW
RED BANK: Up next: Valentine's Day, and Partyline finds the Red Bank Chocolate Shoppe getting ready for a surge of love and craving.
CLOSING THE BOOK ON A GREAT CAREER
The Red Bank mayor and council honored with a resolution Linda Hewitt (in red) on her retirement from the Red Bank Public Library at Thursda ...
RED BANK: RAIL COMMUTER’S VIEW
A commuter's view of the Route 35 Cooper's Bridge over the Navesink River, as seen from North Jersey Coast Line train 3320 out of Red Bank F ...
RED BANK: PROMISING PROMS
RED BANK: Prom season approaches, and Lunch Break once again steps up with its 8th annual Prom Giveaway of donated dresses.