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$10M Heliport Complex In Works

NEWARK-The complex is proposed for five riverfront acres next to a planned Police Department precinct here.

By Eric Peterson | Updated on March 28, 2008

NEWARK-Air Pegasus Helicopters has unveiled plans for a $10-million heliport complex for a five-acre site along the Passaic River at Grafton Avenue here. The Newark Housing Authority has agreed to sell the site to the Roseland-based Air Pegasus for a reported $2.6 million. The largely vacant property had been targeted for 75 units of low-income housing, a project that never materialized.

The site is adjacent to three acres that will house a new Police Department precinct, and one of the complex’s key tenants will be that department’s new aviation unit, which currently has its helicopters stationed at Morristown Municipal Airport. And besides its own helicopters, Air Pegasus will also be the landlord for other public and private helicopter operators, including corporate. Air Pegasus’ main helicopter base is currently at W. 30th Street and the Hudson River in New York City.

“This is an important project to bolster Newark’s plan to increase public safety and to help reinvigorate economic development in this community,” says Steven Trenk, Air Pegasus’ managing director. “We’re able to take the lead in a project that I know is right for the community.”

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