## Tax Exemptions Tabled at August Plainfield Council Meeting Reappear on Monday's Agenda **Plainfield, NJ** - *Tuesday, September 6, 2023* - The Plainfield City Council voted to table a resolution granting tax exemptions to two developers at its August 15th meeting. The resolution will be reconsidered at the Council's next meeting on Monday, September 12th. The resolution in question would grant tax exemptions to two developers: * **Plainfield Renaissance, LLC** is seeking a 10-year tax exemption for a proposed $100 million mixed-use development at the corner of Park Avenue and Second Street. * **Park Square Developers, LLC** is seeking a 15-year tax exemption for a proposed $50 million residential development at the corner of Park Avenue and Third Street. Both developers argue that the tax exemptions are necessary to make their projects financially viable. They say that the exemptions will allow them to offer affordable housing and other amenities that will benefit the Plainfield community. Opponents of the tax exemptions argue that they will cost the city valuable revenue. They also say that the exemptions will give the developers an unfair advantage over other businesses in the city. The Council voted 4-3 to table the resolution at its August 15th meeting. Council members who voted to table the resolution said they needed more time to review the applications and to hear from the public. The Council will hold a public hearing on the resolution at its September 12th meeting. The meeting will be held at 7:00 p.m. in the Council Chambers at City Hall. **Additional Information** * [Plainfield City Council Agenda for September 12, 2023](https://www.plainfieldnj.gov/AgendaCenter/ViewFile/Agenda/_09122023-2010) * [Plainfield Renaissance, LLC Website](https://www.plainfieldrenaissance.com/) * [Park Square Developers, LLC Website](https://www.parksquaredevelopers.com/)
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