After the fact

ENCAPPED

In this video commentary, Assemblymen Gary S. Schaer and Fred Scalera (both D-Bergen/Essex/Passaic) discuss the 77 to 0 passage of their legislation to enhance the protections and oversight surrounding public investments in private redevelopment projects.
Schaer and Scalera crafted the bill (A-2650) in response to the disastrous failure of the EnCap Mixed-Use Redevelopment Project. The project, which aimed to remediate abandoned municipal landfills in the Meadowlands, collapsed earlier this year when EnCap declared bankruptcy after receiving more than $300 million in public money from state and Bergen County sources.
Coming soon
Stay turned for more EnCap legislation sponsored by Asm. Schaer which passed the Assembly 77-0 in December, above video, has been posted for a vote by the Senate State Government Committee for this coming Thursday, Feb. 26. The Committee meeting begins at 1 pm and Assemblyman Schaer will be there to testify on its behalf.