Controversial Smart Growth Bill Delayed

7 November 2004 - 1:00pm

Implementation of a controversial bill that developers backed was halted so that the public could comment.

"Governor McGreevey ordered a seven-month delay Friday on plans to ease regulations for developers in New Jersey, putting the brakes on one of the administration's most controversial environmental initiatives.With parts of the law due to kick in on Monday, McGreevey issued an executive order calling for more public debate and broadening the range of environmental programs that might be spared from the early deadlines in the new measure."

Source: Bergen Record, November 6, 2004
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Even if the report overestimates the costs by a factor of two and underestimates the tax-benefit by a similar amount, the conclusion would be pretty much the same: destination resorts cost local government and taxpayers money.