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NJ Environment Facing Critical Year

The environment is a big issue for commercial real estate…will smart growth work and the economy prosper in 2007?

By Joe Cavaluzzi | Updated on April 05, 2007

Joe Cavaluzzi is a contributor to Real Estate New Jersey, from which this article was excerpted.

This should be a critical year for both New Jersey’s environment and the ability of its real estate development community to meet the demands of economic development. Indeed, it is a critical year for economic development.

A number of environmental issues are on the table, either as new legislation or regulatory changes that could significantly reduce the land supply for development, raising the question of tighter regulation generating more smart growth initiatives–or making it more difficult to accomplish them. As this issue went to press, the New Jersey Department of Environmental Protection was rewriting its sewer hookup regulations and reworking the state water supply master plan, while the state Department of Energy was writing an energy plan that could significantly impact where new infrastructure is built in the years ahead, according to George Hawkins, executive director of New Jersey Future in Trenton.

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