Paterson hopes tax credits revive project
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PATERSONNorth Jersey Media Group
•Can tax credits revive $100M plan to turn old Paterson factory into apartments?
80% Informative
The City Council voted Tuesday night to give its support to the developers’ application for Aspire tax credits.
Mayor Andre Sayegh and the original developers announced the project in 2020 with a “Paterson beach party” publicity stunt.
At the time, officials said they expected that the new apartments would open in 2025 .
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