TRENTON, NJ - The redevelopment of historic Hinchliffe Stadium, as well as the construction of 75 units of senior affordable house, 5,000 square-feet of childcare space, and a 315-space parking garage took a major step forward Thursday.
At their September 17 meeting the New Jersey Housing and Mortgage Finance Agency approved a commitment for construction and permanent mortgage financing for the residential and commercial portion of the project.
The approval comes just weeks after the Paterson City Council voted 6-2 in favor of a 30-year Payment in Lieu of Taxes (PILOT) agreement that city officials, and the project’s developers, said was necessary to make the project possible.
Asked at the time how the project is going to benefit the community, a major sticking point for Councilwoman Martiza Davila who voted against the financial package, Baye Adofo-Wilson, the Paterson native spearheading the effort to bring new life to the long dormant area, pointed out that the stadium, after 21 years of disuse, will be “given back to the community,” and available to high school athletes, and that the senior affordable housing and childcare components were added because of a need expressed by former Councilman Shahin Khalique and shared by others on the body at the time.
Celebrating the news was Mayor Andre Sayegh who has said that the rehabilitation of the once majestic stadium where Negro League legends swatted home runs and high school athletes took to the field for decades is the cornerstone of his efforts to spur additional investment in Paterson.
“We are building a brighter future for Paterson by celebrating our city’s history,” Sayegh told TAPinto Paterson. “Just as it took a total team effort for those who competed on that hallowed ground decades ago, it will take a total team effort to bring Paterson back to where we know it deserves to be.”
“I know Paterson is up to the challenge, and I am grateful to those, including members of the Paterson City Council; federal, state, and county officials; investors; non-profit groups that continue to give so much to our residents; and anyone else that is stepping up to the plate with us.”
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