Economic and Redevelopment Growth

Old Passaic administration building in Paterson sells for $5.5M. Here’s what may be going there

Joe Malinconico Paterson Press PATERSON — A New York-based real estate group with a partner from the Paterson area made the winning $5.5 million bid to buy the former Passaic County administration building on Pennsylvania Avenue, officials said. The buyer, Agime Group LLC, is looking to build a mixed-use project including apartments and retail space

Murphy boosts Paterson tax credit plan by $20M to complete various projects

Joe Malinconico Paterson Press PATERSON — Gov. Phil Murphy on Monday added $20 million to an existing $130 million state tax credit package that city officials are using for such projects as a new visitor center at the Great Falls and the reconstruction of historic Hinchliffe Stadium. Murphy said increasing the allocation of tax credits

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