Hudson Reporter
City council adopts PILOT agreement for warehouse site
Sixth Wave Logistics will construct a flex-use warehouse adjacent to Delta Storage ×
The Bayonne City Council met in person in May, the first time since the onset of the pandemic. Photo by Daniel Israel.
After months of delay, the Bayonne City Council has adopted a payments-in-lieu-of-taxes (PILOT) agreement for a local warehouse.
The council adopted a PILOT agreement between the city and SWL Urban Renewal LLC for 69-71 New Hook Road. The agreement is for the site of the current Delta Storage, where a new “flex use” warehouse and office space will be constructed by Sixth Wave Logistics.
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The Bayonne City Council has withdrawn introduction of an ordinance that would set a financial agreement with Bayonne-based SWL Urban Renewal for 69-71 New Hook Road.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.
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