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Hackensack Meadowlands District Master Plan Update 2020

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Hackensack Meadowlands District Master Plan Update 2020 J E R S E Y S P O R T N E W S & E X Y P O R I T S I T I O N A U T H O HACKENSACK MEADOWLANDS DISTRICT MASTER PLAN UPDATE 2020 FEBRUARY 2020 AN UPDATE TO THE 2004 MASTER PLAN The New Jersey Sports and Exposition Authority (NJSEA) is pleased to present the Hackensack Meadowlands District Master Plan Update 2020. As the first update since 2004, this vital plan sets the pathway for the Meadowlands District’s continued and expanded economic growth and environmental preservation objectives. It exemplifies the agency’s commitment to sound regional planning that over the past 50 years has transformed the District into a premier economic hub and facilitated a remarkable environmental renaissance. The Master Plan Update will advance the substantial economic growth and development that has occurred within the Meadowlands District since the Legislature’s adoption of the Hackensack Meadowlands Reclamation and Development Act in 1968, by providing for a suitable array of land uses responsive to modern development trends, and encouraging redevelopment opportunities that foster economic vitality with job creation. It will build upon the region’s economic foundation and continue to generate quality tax ratables for constituent municipalities by assisting in the growth of established businesses, attracting new companies to the area, and offering high quality employment opportunities, while providing the framework for detailed strategic plans to address flooding, transportation, and housing affordability challenges. Simultaneously, the Master Plan Update provides for the continued protection and enhancement of the District’s environment, as evidenced by steady improvements to the District’s water quality and the preservation and/or restoration of more than 1,000 acres of wetlands since 2004. These measures to support the biodiversity of the District and expand its available recreational opportunities are advanced in the Master Plan Update through strategic and robust natural resource planning. Significantly, the Master Plan Update also addresses critical environmental challenges, specifically climate change and sea level rise, through a new Plan element, “Sustainable Meadowlands: A Guide to Resiliency.” The NJSEA is proud to deliver a Master Plan Update that will improve the quality of life of District residents and guide the region to economic prosperity and environmental sustainability for the years to come. This Master Plan Update reaffirms the NJSEA’s commitment to creating a more prosperous, green, and resilient Meadowlands region. John Ballantyne Vincent Prieto Chairman President, CEO J E R S E Y S P O R T N E W S & E X Y P O R I T S I T I O N A U T H O HACKENSACK MEADOWLANDS DISTRICT MASTER PLAN UPDATE 2020 NEW JERSEY SPORTS & EXPOSITION AUTHORITY 1 DeKorte Park Plaza Lyndhurst, NJ 07071 www.njsea.com CHAIRMAN John Ballantyne VICE CHAIRMAN Joseph Buckelew PRESIDENT/CEO Vincent Prieto BOARD MEMBERS John Ballantyne Joseph Buckelew Robert J. Dowd Armando B. Fontoura Michael H. Gluck Woody Knopf Elizabeth Maher Muoio Steven Plofker, Esq. Andrew Scala Anthony Scardino Louis J. Stellato Robert B. Yudin Hackensack Meadowlands District Master Plan Update 2020 TABLE OF CONTENTS 1. INTRODUCTION I. Hackensack Meadowlands District ............................................ 1-2 II. NJSEA Structure ..........................................................1-4 III. Constituent Municipalities ...................................................1-5 IV. Goals and Objectives ......................................................1-6 V. The Meadowlands Plan: A 50-Year Retrospect ...................................1-12 Figure 1.1 - Constituent Municipalities within the Hackensack Meadowlands District ..............1-2 2. POPULATION AND ECONOMY I. Population ...............................................................2-2 II. Employment ..............................................................2-6 III. Economy ................................................................2-10 IV. Real Estate Trends .........................................................2-14 V. State of New Jersey Economic Development Incentives ..........................2-16 Figures 2.1 - Land within the Hackensack Meadowlands District, by Municipality ..................2-1 2.2 - Population of Meadowlands District Municipalities ...............................2-3 2.3 - Population Changes of Meadowlands District Municipalities .......................2-3 2.4 - Household Income Profile (2000-2018) ........................................2-4 2.5 - Median Household and Per Capita Income (2018 and 2023) .......................2-5 2.6 - Educational Attainment (2010-2018) ...........................................2-6 2.7 - Labor Force by Employment Status ............................................2-7 2.8 - Paid Employees in Bergen and Hudson Counties by NAICS Code ...................2-8 2.9 - Top Industries within Bergen and Hudson Counties (2000-2018) ....................2-9 2.10 - Employment Trends(2000 – 2018) ............................................2-10 2.11 - Real GDP (Chained 2009 Dollars) .............................................2-12 2.12 - Year over Year Percent Changes in CPI-U For Urban Consumers: New York MSA ......2-13 2.13 - Employer Value of Sales, Shipments, Receipts, Revenue or Business Done in District Municipalities .....2-14 2.14 - Industrial Market Inventory, Lease and Vacancy Rates ............................2-15 2.15 - Office Market Inventory, Lease and Vacancy Rates ..............................2-16 NTENTS O 3. LAND USE F C I. Existing Land Uses ........................................................3-1 O II. Land Use Trends ..........................................................3-4 III. Redevelopment ...........................................................3-19 TABLE TOC-1 New Jersey Sports and Exposition Authority Hackensack Meadowlands District Master Plan Update 2020 IV. Historic Resources ........................................................3-27 V. Build-Out ............................................................... 3-29 Figures 3.1 - Existing Land Uses within the Hackensack Meadowlands District ....................3-3 3.2 - Land Use Changes within the District since 2004 ................................3-4 3.3 - Natural Areas .............................................................3-5 3.4 - Development Sites Classified as Wetlands or Water Land Use in 2004 ...............3-7 3.5 - Public Parks and Recreation Areas in the Meadowlands District ....................3-9 3.6 - Developed Areas ..........................................................3-13 3.7 - Hotels in the Meadowlands ..................................................3-16 3.8 - Other Areas ..............................................................3-18 3.9 - Redevelopment Areas in the Hackensack Meadowlands District ................... 3-20 3.10 - Historic Resources in the Hackensack Meadowlands District ......................3-27 3.11 - Development Completed Compared to 2004 Master Plan Estimate ................. 3-29 4. HOUSING I. Household Profiles ........................................................4-1 II. Housing Stock Characteristics ...............................................4-3 III. Housing Affordability. 4-8 IV. Fair Housing Act ..........................................................4-10 V. Hackensack Meadowlands District Fair Housing Milestones .......................4-12 VI. NJSEA Interim Policies and Site Suitability Guidelines ............................4-13 VII. Constituent Municipality Housing Plans ........................................4-16 Figures 4.1 - Number of Households in District Municipalities .................................4-2 4.2 - Average Household Size in District Municipalities ................................4-2 4.3 - Households by Family Type. 4-3 4.4 - Housing Units in District Municipalities ........................................4-4 4.5 - Change in Housing Units, By Type (2000-2016) .................................4-5 4.6 - Homeownership Rates (Housing Tenure: Owner vs Renter Occupied Units) ...........4-6 4.7 - Housing Vacancy Rates in District Municipalities .................................4-6 4.8 - Median Sale List Prices for All Homes .........................................4-7 4.9 - Residential Building Permits Authorized in District Municipalities ...................4-8 4.10 - Housing Affordability Profile ................................................4-9 4.11 - Median Household Income ..................................................4-10 4.12 - Affordable Housing Regional Income Limits ....................................4-11 NTENTS O 4.13 - Housing Development within the Meadowlands District (2004-2018) ................4-15 F C 4.14 - Affordable Housing Obligations by Constituent Municipality .......................4-16 O TABLE TOC-2 New Jersey Sports and Exposition Authority Hackensack Meadowlands District Master Plan Update 2020 5. ENVIRONMENT I. Waterways ...............................................................5-1 II. Wetlands ................................................................5-2 III. Coastal Zone Management ..................................................5-8 IV. Floodplain Management ....................................................5-8 V. Water Quality .............................................................5-13 VI. Biota ....................................................................5-15 VII. Solid Waste Management ...................................................5-22
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