Here are my comments:
1) It has PILOTS for luxury condos. For those of us who are paying more than our fair share in taxes (non-piloted households) these agreements may give Hoboken more Municipal income in the short term but in the long term they push the tax burden unfairly to those that either live in brownstones or walk up apartments.
2) Hudson County has a 2 year glut of housing inventory, granted a lot of that housing that is proposed won't come on line for some time but the economic situation currently needs to be taken into account.
3) Hoboken's infrastructure can't handle what it has now. I don't see enough assurances that there will be enough givebacks or beefing up of the sewer electric services, roads that we need to handle this.
4) Time and time again., the Roberts administration thinks they can develop themselves into a balanced budget. It has not worked so far and it will not work now. Some aspects of this are very positive and certainly some improvement and open space is warranted, I just think the scale of the towers is too much for this town.
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