Okay, so maybe I’ve been a little too optimistic about development in New Jersey. After such a horrendous downturn nationwide, it’s just been so easy to crow about new development, given recent surveys about healthcare, debates about permitting for new retail, etc.

But now comes word that both houses of the New Jersey Legislature postponed votes on a two-year addition to the Permit Extension Act, though the Assembly will vote. The measure would extend permits scheduled to expire by December 31, 2012 to December 31, 2014. Extensions had been approved in 2008 and 2010, but those excluded environmentally sensitive areas. This time, the act does include the Highlands region in the northwestern section of the state.

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