Gallenthin Realty Development, Inc., a New Jersey Corporation and/or George A. and Cynthia L. Gallenthin III, H/w…

Summary

The Supreme Court of New Jersey reversed the Appellate Division and invalidated Paulsboro’s designation of the Gallenthin property as "in need of redevelopment." The Court held that N.J.S.A. 40A:12A-5(e) applies only where stagnation is caused by title defects, diverse ownership, or similar conditions, and that applying it to a property merely because it is "not fully productive" exceeds the constitutional Blighted Areas Clause.