Washington Twp. sued over PILOT rejection
The re-developers of the controversial Washington Square Project are suing Washington Township, Democratic Mayor Barbara Wallace and the township council in an effort to overturn the council’s July 10 rejection of a PILOT, or payment in lieu of taxes, deal for a mixed-use residential and commercial development. South Jersey Times
https://www.nj.com/washington-township-times/index.ssf/2013/09/washington_square_project_deve.html
see:
Tiger Team Recommendations : Evaluate “Pay for Service” or “PILOT” Program
https://theridgewoodblog.net/tiger-team-recommendations-evaluate-pay-for-service-or-pilot-program/
New Jersey Hospital Association Expands Bundled Payment Pilot Program
https://theridgewoodblog.net/new-jersey-hospital-association-expands-bundled-payment-pilot-program/
At the high end, the PILOT program would have paid $3,000 per apartment in taxes. That would not even cover the cost of one student in the school system, let alone the other municipal services that would not be covered. Yes, the district would be burdened.
Get ready Ridgewood.