Block A Urban Renewal PILOT Term Extended
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Description
Harrison approved a First Amendment to the financial agreement with Block A Partners Urban Renewal I, LLC to extend its long-term tax exemption term through July 29, 2059. The change aligns the project’s PILOT duration with the overall redevelopment agreement for the Advance at Harrison site.
Contract Details
Vendor
BLOCK a PARTNERS URBAN RENEWAL I LLC
Agency
Township of Harrison, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
Through July 29, 2059 (overall maximum term)
Renewal Date
2059-07-29
Renewal Info
First Amendment modifies Section 3.1 of the financial agreement to cap the term at 50 years from the July 29, 2009 Original Agreement, expiring July 29, 2059.
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