RED BANK: SAXUM SEEKS TAX BREAKS
A long-idle gas station at Riverside Avenue and Bridge Avenue will be included in a second review of the designation for the former VNA headquarters, at left above. (Photo by John T. Ward. Click to enlarge)
By JOHN T. WARD
The would-be developer of a massive apartment complex at Red Bank’s northern tip is now angling for tax relief in order to build the project.
Consultant Ken DeRoberts told the borough redevelopment agency Tuesday that Saxum Real Estate has submitted a new plan for the former Visiting Nurse Association property that’s driven by a need for a PILOT, or payment in lieu of taxes agreement.