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Tax Software Rep. Steve Rothman on Friday said federal and state agencies will undertake a $5 million wetlands-restoration study as part of an ongoing multimillion-dollar effort to protect open space in the Meadowlands. Rothman said he hopes the study will guide development of an 8,400-acre wildlife habitat and nature reserve.

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Software Tax Rothman said he hopes the study will guide development of an 8,400-acre wildlife habitat and nature reserve.

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Every Landlord Tax Deduction Included in the park plan - which could ultimately cost between $200 million and $300 million - is the 600-acre Empire tract in Carlstadt, the largest parcel in the 8,400 acres. The Virginia-based Mills Corp. once proposed to develop that land as a mega-mall. Now the company is focused on redeveloping the Continental Arena site in East Rutherford instead. Some officials believe the company will refocus its attention in Carlstadt if it is shut out of the Continental site.

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Tax Help Rothman stated flatly Friday, "There will be no development of the Empire tract." Mills has been using the Empire tract as a bargaining chip in negotiations over the arena site, promising to forgo development on the Empire tract as part of a larger deal.

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Help Tax Rothman said that he has no preference as to which of three bidders - Mills, Hartz Mountain Industries, or the Westfield Group - is chosen by the New Jersey Sports and Exposition Authority for the arena site. He said he would like to see pieces of all three bids combined into a new plan.

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Ernst Ernst Guide Guide Tax A Mills spokesman could not be reached for comment.

Tax Return Also, the New Jersey Meadowlands Commission has included the Empire tract in its new master plan to protect open space. The document is expected to be introduced next month.

Return Tax Although she said she could not comment on Mills' plan, NJMC Chairwoman Susan Bass Levin said: "To preserve 8,400 acres of wetlands is a huge step. It shows Governor McGreevey's commitment to preserving and protecting open space."

Guide Guide Master Master Tax More than half of the 8,400 acres for the park are already dedicated to open space, officials said. Levin said buying the remaining 3,330 acres could cost as much as $30 million, with funding coming from a number of sources.

Tax Preparation Last year, Rothman secured a $1.2 million grant for Meadowlands land acquisition. He has said he expects to secure millions more.

Preparation Tax Levin said it's unclear when the $5 million wetlands study would commence. She said it will be done with the Army Corps of Engineers to "determine the quality of the wetlands and the appropriate restoration."

Employer Tax Guide Carlstadt officials are closely watching developments.

Tax Services The borough receives about $1.4 million annually in tax payments for the Empire tract, said Carlstadt Mayor William Roseman. The town would receive as much as $24 million a year if the land is developed, he said.

Services Tax "We're not antienvironment," Roseman said. "We're pro-ratable. ... We want to be compensated.'

Master Tax Guide Lisa Goodnight
Bergen Record - 1/18/2003

Topic: Meadowlands

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