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Hudson Reporter
City Council withdraws PILOT agreement ordinance
The deal contradicts an ordinance the council adopted in 2020 limiting PILOT agreements to 20 years ×
An aerial rendering of the new warehouse below the Delta-Storage facility
The Bayonne City Council has withdrawn introduction of an ordinance that would set a financial agreement with Bayonne-based SWL Urban Renewal for 69-71 New Hook Road. The payment-in-lieu-of-taxes (PILOT) agreement was nixed at the Feb. 17 meeting at the request of City Council President Sharon Ashe-Nadrowski.
The agreement is for the site of the current Delta Storage, where a new “flex-use” warehouse will be constructed by Sixth Wave Logistics. The term “flex-use” refers to its use as an office and warehouse.