Eqr-Lpc Urban Renewal North Pier, LLC v. City of Jersey City (078268) (hudson County and Statewide)

Summary

The Supreme Court of New Jersey affirmed the Appellate Division’s reversal of the trial court’s summary judgment, holding that the parties’ financial agreements did not incorporate the 2003 amendments to the Long Term Tax Exemption Law; the phrase “as amended and supplemented” was limited to amendments in effect before the contracts were executed.