The Bayonne City Council will again consider the $925 million 1888 Studios project at a special meeting scheduled for Wednesday.
By John Heinis/Hudson County View
Officials have said the effort at the former Texaco oil refinery site would create 2,600 union jobs during construction, with a tentative completion date somewhere between the third or fourth quarter of 2025.
They have also claimed that the project would inject over $190 million into the economy annually and offer a total of 1,867 jobs per year.
While the measure passed a 30-year payment in lieu of taxes (PILOT) agreement and a $65 million bond on first reading at a special meeting last month, they opted to carry the measure last week since the city council wanted to review changes to the plan.
“We are not moving on this resolution this evening. We’re a little concerned. We hear the public talking about changes being made,” Council President Gary La Pelusa said at the time.
“I want to see this redevelopment agreement before we vote. There’s been a lot of moving parts. We want more time to review all this paperwork.”
The meeting will be held in council chambers at City Hall, 630 Avenue C, on Wednesday, March 1st at 7 p.m.