Land Use & Zoning
In NJ, a redevelopment designation under the Local Redevelopment and Housing Law allows a municipality to:
AImpose unlimited property taxes
BUse eminent domain to assemble land for redevelopment and offer tax abatements (PILOT agreements) to attract developers✓ Correct
CBypass all environmental regulations
DOverride state zoning laws permanently
Explanation
NJ's Local Redevelopment and Housing Law authorizes municipalities to designate areas as in need of redevelopment, use condemnation to assemble parcels, and offer tax abatements (PILOT—Payment In Lieu Of Taxes) to incentivize private investment.
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