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NJ NAIOP supports Florio's environmental reform plan.

New Jersey's commercial real estate developers said they support Governor Jim Florio's call for legislative reform of the state's Environmental Cleanup Responsibility Act (ECRA). The developers said that they agreed with the Governor's assessment that the underlying principle of ECRA is sound and pledged to work with the Governor to enact reforms designed to make the law more workable.

"We agree with your assessment that the overall purpose of the law is above approach," Peter Cocoziello, president of the New Jersey Chapter of NAIOP, The Association for Commercial Real Estate, told the Governor in a letter dated June 4. "We share the goal to enact a meaningful reform statute that encourages economic growth and investment while protecting our environment."

Cocoziello told the Governor that NAIOP last year held discussions with a number of urban leaders around the state including officials in Newark, Paterson, Camden and Trenton in an effort to develop meaningful proposals for ECRA reform.

"Our discussions confirm that the present statute's impact counteracts efforts to develop urban center industrial employment," Cocoziello stated.

Cocoziello said that NAIOP, "Identified ECRA as a principle barrier to urban economic development based upon the extensive experience of many of our members that own, control and develop locations for industrial facilities."

"As responsible citizens with a long-term interest in the economic and environmental health of our state, NAIOP welcomes the opportunity to join with you in bringing about a meaningful ECRA reform," Cocoziello concluded.
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Title Annotation:New Jersey; National Association of Industrial and Office Parks supports Governor James J. Florio's proposed reform of Environmental Cleanup Responsibility Act
Publication:Real Estate Weekly
Date:Jun 17, 1992
Words:240
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