The bill, A-3257, would put the burden on government to prove redevelopment is necessary, ensure property owners receive fair market value and require more notice be given when a municipality is looking to redevelop.
The bill also includes provisions that would:
- Require compensation to equal the highest possible value.
- Eliminate open-ended blight designation and require municipalities to demonstrate progress 10 years following designation.
- Prohibit eminent domain from being used in more than 20 percent of the land mass for a redevelopment project.
- Require eminent domain requests to be consummated within five years of a redevelopment agreement.
- Require developers and local governments to identify all costs and benefits of proposed projects.
- Limit nonblighted property in a redevelopment area to 20 percent of land mass.
Assemblyman John J. Burzichelli, D-Gloucester, co-sponsored the measure with Assemblyman Robert Gordon, D-Bergen. The measure was also sponsored by Christopher Bateman, R-Morris/Somerset; Lou Manzo, D-Hudson; and Pamela R. Lampitt, D-Camden.
Philadelphia Business Journal: http://philadelphia.bizjournals.com