Beverly, located along the Delaware river in Burlington County., NJ
I keep telling investors it's the place to buy. Alot of redevelopment is going on. This is the latest from our local newspaper. Edited by me. If anyone is looking to Invest, Please call my cell. You'll be thanking me in the next 5 years. I promise! lol
BEVERLY - A redevelopment project would increase the city's population by 25 percent and bring in more than $2.7 million in additional tax revenue, according to an economic-impact study.
The City Council has chosen Richard Bernardi of Strategic Redevelopment Partners LLC to redevelop a large portion of the city. The plans include the construction of 338 new homes and apartments, the relocation of City Hall and the police station, and the improvement of the city waterfront.
Bernardi commissioned the study to determine how the project would affect the city's population and finances. The study was completed by Richard B. Reading Associates of Princeton and released to the public last month.
According to the study, the new construction would include 250 waterfront owner-occupied homes, as well as 50 market-rate apartments near the NJ Transit River Line station and 38 affordable apartments elsewhere in the city.
The construction would bring an estimated additional 663 residents to Beverly, increasing the total population from 2,670 to 3,333, according to the study.
The new homes would increase the city's tax revenue by 67 percent, according to the report. City Administrator Barbara Sheipe said the city collected $1.2 million in municipal taxes last year. It is estimated that the new construction would generate an additional $793,860 in municipal tax revenue.
CLICK ON LINK TO REVIEW TOWNS REDEVELOPMET...http://www.beverlycitynj.com/