Amendments to the Morgan, Grove, Marin Development (MGM) plan were unanimously approved by the Jersey City Council last night, which will create a community benefit bonus provision on First Street and Louis Munoz Marin Boulevard – which will provide $2.75 million to affordable housing.
According to City Ordinance 15.051, Building block 11508 can â€œrise to a maximum 375 feet in return for bonus payments to the City of Jersey Cityâ€ that will be utilized to provide affordable housing, improved public spaces in Harsimus Cove Neighborhood and enhance the aesthetics and streetscapes.
The bonus payment also required the creation of a landscaped open space that contains public amenities that must be larger than 3,000 sq. ft., an increased sidewalk width and strengthening of building design.
Yvonne Balcer, a regular critic of the city council, was concerned about the overall impact of the plan.
â€œWhat about traffic?â€ she said, â€œthere is only one Holland Tunnel.â€
Councilman-at-Large Daniel Rivera supported the amendment, stating that this would clearly benefit downtown Jersey City, a neighborhood he grew up in.
Council President Rolando Lavarro also supported the amendment.
â€œThere will be a $2.75 million contribution to affordable housing. This will have a major impact and a positive one.â€