- Rutgers announced a $295 million makeover last month for its New Brunswick campus.
- Officials said that it would need an Urban Transit Hub tax credit from New Jersey, however, and the state has yet to consider Rutgers' request.
- The current plan calls for an academic building, a dorm, an apartment complex, green space and a parking deck.
From the article:
When Rutgers University announced last month it planned a $295 million makeover of the heart of the New Brunswick campus, school officials said the historic project could not be built without an Urban Transit Hub tax credit from the state.
One problem: The state hasn’t even looked at Rutgers’ application yet.
The tax credit program, which is designed to spur development near urban train stations, has been on hold because it was nearing its funding cap, state officials said....