Long Branch To Vote on $24.9 Million Pier Village Bond Tuesday
Public will get so see plans for third phase of Pier Village
The public will get a look at the final plans for Pier Village Phase 3 tonight as the Long Branch Council will vote on an ordinance that would bond $24.9 million to finance a portion of the cost of the oceanfront addition.
The money will be lent to the developer, Fountains Applied LWAG LLC, and be paid back in lieu of taxes after the oceanfront development is completed.
According to the ordinance, the third phase of Pier Village will contain a 68-room hotel, retail and recreational space and off-street parking.
The council has said construction is expected to begin in January.
The plan that will be presented to the public tonight can be viewed in the PDF attached to this article.