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Bank Of America Investment Gov. James E. McGreevey's anti-sprawl plans will cast doubt over whether New Jersey can house millions of its citizens in coming years, builders' groups warned Wednesday.

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Investment Opportunity In his state address Tuesday, McGreevey called for drastically scaling back development in the Garden State.

Banc Of America Investment Builders' advocates argue his plan will leave the state unable to house an estimated 2.5 million people living in cramped or substandard housing.

Substantial investment has been ploughed into the resort and ski area over the past few years and more is planned, 08.

Banking Investment "I think the governor, perhaps more than his minions, has been brutally honest in saying he wanted to stop housing," said Patrick O'Keefe of the New Jersey Builders Association.

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Investment Solution Strategic "He's blaming people. People who are here ... Whether a family is in Camden, Gloucester or Asbury Park they need schools to attend and a place to live."

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Investment Banking Services In the speech, McGreevey cast unchecked development as the main factor in environmental degradation and soaring property taxes.

Bank Investment To control growth, he advocated one-year building moratoriums, increased open-space funding and strengthening environmental standards.

Alternative Investment Other ideas include granting county planning boards veto power over decisions made by municipal counterparts and reclassifying some waterways throughout the state. By raising the streams to "Category 1," the state would force developers to prove there will be absolutely no degradation to water quality, or forego building near them.

Online Investment Services All of the steps would require approval from both houses of the Legislature. According to administration officials, the plan is not to stop building but to shunt it into areas that can sustain it. McGreevey is committed to building 20,000 new units of affordable housing during his first term, spokesman Micah Rasmussen said.

Accompany Essential Investment "What you are going to see is the investments being made in Vineland, Bridgeton, Salem and even Woodbury," he said. "That is where it belongs."

Investment Company Rather than carve subdivisions out of cornfields, developers should begin looking at New Jersey's older suburban and urban areas, according to McGreevey spokesman Micah Rasmussen.

Investment Management Solution "It's doesn't mean we're abandoning Hunterdon County and all of the (state) money is going to drain out of Hunterdon County," he said. "Money will be directed into all the established suburbs and our older town centers. Places like Phillipsburg and Flemington."

Investment Management Services But O'Keefe and others disputed McGreevey's logic.

Guide Investment Stock "The one-year moratorium combined with the approval process and things may get exponentially more expensive," said Sen. John Matheussen, R-Washington Township. "We need to be a little cautious about how we go about it."

Investment Manual Solution Environmentalist David Pringle called the plan a "comprehensive, bold agenda."

Investment Stock "He's tying together water, open space, schools and traffic," said Pringle, campaign director. "It's a good thing."

Essential Investment Solution While Republicans such as Assemblyman Michael Doherty, R-Warren/Hunterdon, and John Matheussen, R-Washington Township, have said they would like to see sprawl stopped, the two have expressed reservations with McGreevey s plan.

Citicorp Investment Services Democrats have generally been receptive to the proposal.

Fool Guide Investment Motley By Terrence Dopp
The Express-Times - 1/16/2003

Topic: Sprawl

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