2B — September 14 - 27, 2012 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
N EW J ERSEY
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EW BRUNSWICK, NJ — Legislative, regula- tory, legal and other Chapter making the garden state more competitive NJ issues set focus for NAIOPNJ’s legislative & regulatory efforts N
government,” McGuinness said. “That includes everything from environmental policy, to legal issues, tax structure, infra- structure, energy, land use and even employment and training programs. We help educate policymakers as to the impact of policy changes on the commer- cial real estate industry—and New Jersey’s well-being.” NAIOP New Jersey “is not only an advocate, but also an agenda-setter for the legislature, the Governor’s office and the regulatory agencies,” said the chapter’s government affairs consultant, Anthony Pizzutillo of Smith Pizzutillo. “The goal is to improve the business climate in New Jersey with innovative and creative economic development initiatives to attract private sector employment, and NAIOP New Jersey’s members are all about creating economic devel- opment opportunities.” NAIOP New Jersey’s efforts have manifested themselves in a number of ways, not the least of which is the project to raise the Bayonne Bridge to admit the larger vessels permitted by the expansion of the Panama Canal and retain the Port of New York/New Jersey’s role as the pre-eminent East Coast port. “There is a natural align-
ment between commercial real estate property owners and high-volume infrastructure de- velopment,” said Pizzutillo. “If it wasn’t for NAIOP New Jersey’s vigilance and advocacy, along with other stakeholders, to raise the awareness of the issues sur- rounding the Bayonne Bridge, it may not have been dealt with as quickly.” Among other key issues advo- cated by NAIOP New Jersey: • Extension of the Permit Extension Act to the end of 2014. “There was an immediate need, given the economic down- turn, to find a means of keeping permits and approvals alive longer, allowing developers to take advantage of an economic upturn,” said McGuinness. “The extension provides the oppor- tunity for these projects to be completed—creating jobs and generating tax revenues. These are property tax revenues that benefit our educational systems and keep local governments running.” Permit extension leg- islation was recently passed by the legislature and is currently on the Governor’s desk awaiting his signature. • Signing of the COAH Non- residential Development Fee Moratorium. “This is an example continued on page 4B
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issues abound in New Jersey, as elsewhere, and all have their champi- ons and their o p p o n e n t s . NAIOP New Je r s e y, t he c omme r c i a l real estate de-
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Michael McGuinness
velopment association, is unique in the fact that its positions on such issues not only have a posi- tive impact on the association and its members, but also on the economic health and well-being of the Garden State in general. “While our primary role is as an advocate for commercial real estate, we certainly sup- port any initiatives that result in job creation and expansions,” said Michael McGuinness, CEO of NAIOP New Jersey. “Issues related to logistics and port com- merce, such as the raising of the Bayonne Bridge to accept post- Panamax vessels, are not only critical to commercial real es- tate, but they have a substantial benefit to the overall economy of our state and the region.” “We continue to serve as a resource for policymakers in
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