Burlington County Board of County Commissioners, the Stock Development Group Inc., Cherokee Equities LLC, the Sansone Group, Pritchard Associates, YesWay Logistics, and Crow Holdings, Palmyra Urban Renewal Entity LLC (PURE) completed Phase 1 of its redevelopment project in 2022 with the construction of the 702,450-square-foot Tac-Pal Logistics Center warehouse, a Class-A industrial facility featuring 110 loading docks, 253 trailer stalls, 438 car stalls, and up to 457,000 square feet of industrial infill. Phase 2, which is expected to be completed in the first quarter of 2025, is another 700,000-plus-squarefoot Tac-Pal building, plus 102 units of affordable housing, and 34 acres of open space, including wetlands and shoreland restoration. By the time the Area is complete, it will have leveraged over $400 million in investments. The two new warehouses are PILOT (Payment in Lieu of Taxes) projects.A PILOT is intended to attract new businesses to redevelopment areas by requiring them to pay a fixed annual fee instead of regular property taxes for a specified period of time. “The annual service charges are about a million dollars for each one of those warehouses,” Gural notes. “In a small town, with a budget of $11 million, you get an injection of $1 million from one of these projects – it’s a real game changer for our community.Then we have all of the development on the highway frontage parcels that we’re working on now. For example, F.C. Kerbeck, the premier luxury car dealership in America, is building a Rolls Royce showroom, and a Maserati dealership in our redevelopment area, to go with their other luxury brands like Lamborghini, Bentley, and Alfa-Romeo.” Another ongoing project in Palmyra is the redevelopment of the former Knights of Columbus building. “The building was in need of substantial improvement, and we recognized that there was an opportunity there,” Gural recounts. “We prepared a plan, then marketed that to folks that we thought would be interested in developing that property.” Sure enough, a company came forward.The new property owner is SEA BOX Inc., which specializes in the design, custom Photo Credit: Jennifer Carr Photography and Environmental Resolutions, Inc. sitioning to self-performing curbside trash collections t refuse trucks. The Borough hired experienced CDL blic Works employees. Sanitation staff from L: Shawn 184 CIVIL AND MUNICIPAL VOLUME 05, ISSUE 09
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