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.
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According to City Ordinance 15.051, Building block 11508 can “rise to a maximum 375 feet in return for bonus payments to the City of Jersey City†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.
“What about traffic?†she said, “there 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.
“There will be a $2.75 million contribution to affordable housing. This will have a major impact and a positive one.â€