The $1 Billion vision for Pennsauken's mostly decayed, industrial riverfront has hit a snag.
source www.courierpostonline.com
The township and its chosen redeveloper, North Carolina-based Cherokee Investment Partners, are now in talks about the future of a $1 billion-plus project that was supposed to bring more than 2,600 housing units, retail, restaurants, a hotel conference center, a golf course, a marina and community recreation facilities to the riverfront and the ecologically sensitive Petty's Island, said David Luthman, the township's solicitor.
On
Feb. 28, the state Inspector General's Office released a report that
harshly criticized a Cherokee company, EnCap Golf Holdings LLC, for its
management of the Meadowlands remediation and redevelopment project in
Bergen County.
read more
Related: Encap on CNB
Comments