Since 2000, Maley Givens has acted as redevelopment counsel to the Borough of Paulsboro. Most notable of the borough’s redevelopment activities have been the negotiation and consummation of a transfer of the former BP Oil Refinery to the borough – at no cost to the borough, while retaining BP’s responsibility for ongoing environmental remediation.
The BP transfer enabled the borough to enter into a transaction with The South Jersey Port Corporation for the construction and operation of the Paulsboro Port. The transaction’s structure maintains the borough’s proper control of land use over state agency and operational issues, so as to ensure a minimal intrusion on adjoining residential neighborhoods. A long-term PILOT and other financial arrangements resulted in a continual revenue source to the borough for decades to come.
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