Economically depressed
120 new jobs when the sale of part of its debt-ridden port was approved by the
state’s local finance board.
Econcomic Development Director Kevin Rabago announced the
move Thursday by saying Mayor Albert Kelly described the approval
“significant progress.”
The sale includes an 83,000-square-foot warehouse to modular
home manufacturer Renewable Jersey, LLC.
“The approval
clears the way for Titusville-based Renewable Jersey, LLC to move ahead with
the long-planned adaptive reuse that will see the warehouse converted to
accommodate the state’s first modular home manufacturing operation,” said
Rabsgo.
“It will provide up to 120 full-time jobs as part of
Phase I development.
Kelly recounted the tough progress.
“We’ve been working through issues on this project for
over two years now,” he said.
“The decision by the local finance board marks
significant progress in our efforts to bring jobs to our community and, while
there’s still a number of things to be done before we get to a ribbon-cutting,
this was a big hurdle we had to clear.”
In 2013, the Township entered into an agreement with Renewable Jersey for
the building of affordable housing units at the Clarion Hotel. The agreement
was for 144 units in two phases (first phase 84 units, second phase 60 units).
Renewable
the 144 units with 103 units in the first phase and 41 units in the second
phase.
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