{"id":250,"date":"2016-09-14T00:10:21","date_gmt":"2016-09-14T00:10:21","guid":{"rendered":"https:\/\/hobokenwaterfronthotel.com\/?page_id=250"},"modified":"2021-03-11T20:40:11","modified_gmt":"2021-03-12T01:40:11","slug":"benefits-to-hoboken","status":"publish","type":"page","link":"https:\/\/hobokenwaterfronthotel.com\/benefits-to-hoboken\/","title":{"rendered":"Benefits to Hoboken"},"content":{"rendered":"
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  • $1.77 MILLION ANNUALLY IN NEW REAL ESTATE, HOTEL AND PARKING TAXES TO THE CITY OF HOBOKEN AND THE HOBOKEN SCHOOL DISTRICT<\/li>\n
  • RENOVATION OF HOBOKEN\u2019S LANDMARK POST OFFICE; IMPROVING OPERATIONAL EFFICIENCIES<\/li>\n
  • NEW, BEAUTIFULLY LANDSCAPED AND LIGHTED PEDESTRIAN ACCESS TO HOBOKEN\u2019S WATERFRONT<\/li>\n
  • ARCHITECTURALLY AND AESTHETICALLY CONSISTENT CONTINUATION OF HOBOKEN\u2019S SOUTH WATERFRONT BUILDING SCAPE<\/li>\n
  • REDESIGNED TRAFFIC PATTERNS ON NEWARK STREET AND FIRST STREET ALLOWS FOR IMPROVED TRAFFIC FLOW<\/li>\n
  • ADDITIONAL ON-STREET PARKING SPOTS CREATED<\/li>\n
  • $3.365 million dedicated to community projects and First Ward improvements to address the impact of the hotel on infrastructure, the community and community services.<\/li>\n
  • Creation of jobs that pay for a living wage during construction and thereafter from hotel operations<\/li>\n<\/ul>\n

     <\/p>\n

    Economic Benefits within Hudson & Essex Counties<\/h2>\n

    (Econsult Solutions, Inc. economic impact report dated Oct 2016)<\/span><\/p>\n

     <\/p>\n\n\n\n\n\n\n\n\n
    Hotel Guest Spending<\/td>\n$ 14.8 million<\/strong><\/td>\n<\/tr>\n
    Jobs Supported by Hotel Guest Spending<\/td>\n114<\/strong><\/td>\n<\/tr>\n
    Expenditures Generated by Ongoing Hotel Operations<\/td>\n$ 23.8 million<\/strong><\/td>\n<\/tr>\n
    Jobs supported by Ongoing Hotel Operations<\/td>\n166<\/strong><\/td>\n<\/tr>\n
    Total Expenditures Generated by Hotel Construction<\/td>\n$ 174.4 million<\/strong><\/td>\n<\/tr>\n
    Hotel Construction Jobs<\/td>\n555<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

     <\/p>\n

     <\/p>\n

    Estimated Hoboken Taxes<\/h2>\n

    (2016 rates, based on land + construction costs & anticipated occupancy)<\/span><\/p>\n

     <\/p>\n\n\n\n\n\n\n\n
    City Real Estate Tax @ .48<\/td>\n$ 540,000<\/td>\n<\/tr>\n
    City Schools Tax @ .37<\/td>\n$ 415,000<\/td>\n<\/tr>\n
    City Hotel Tax @ 3%<\/td>\n$ 751,000<\/td>\n<\/tr>\n
    City Parking Tax<\/td>\n$ 68,000<\/u><\/td>\n<\/tr>\n
     <\/td>\n$ 1,770,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

     <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    $1.77 MILLION ANNUALLY IN NEW REAL ESTATE, HOTEL AND PARKING TAXES TO THE CITY OF HOBOKEN AND THE HOBOKEN SCHOOL DISTRICT RENOVATION OF HOBOKEN\u2019S LANDMARK POST OFFICE; IMPROVING OPERATIONAL EFFICIENCIES NEW, BEAUTIFULLY LANDSCAPED AND LIGHTED PEDESTRIAN ACCESS TO HOBOKEN\u2019S WATERFRONT ARCHITECTURALLY AND AESTHETICALLY CONSISTENT CONTINUATION OF HOBOKEN\u2019S SOUTH WATERFRONT BUILDING SCAPE REDESIGNED TRAFFIC PATTERNS ON […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"about_template.php","meta":[],"_links":{"self":[{"href":"https:\/\/hobokenwaterfronthotel.com\/wp-json\/wp\/v2\/pages\/250"}],"collection":[{"href":"https:\/\/hobokenwaterfronthotel.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/hobokenwaterfronthotel.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/hobokenwaterfronthotel.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hobokenwaterfronthotel.com\/wp-json\/wp\/v2\/comments?post=250"}],"version-history":[{"count":0,"href":"https:\/\/hobokenwaterfronthotel.com\/wp-json\/wp\/v2\/pages\/250\/revisions"}],"wp:attachment":[{"href":"https:\/\/hobokenwaterfronthotel.com\/wp-json\/wp\/v2\/media?parent=250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}