Can Shipping Containers Help Revitalize Newark’s Distressed Communities?
Newark may be getting a new residential project that’s built entirely out of shipping containers. Spearheaded by development partners Cor10 Concepts and Community Asset Preservation Corporation as well as C+C Architecture, the new project hopes to promote home ownership and rebuild distressed communities.
Sale of Newark’s Bears & Eagles Stadium Brings Hopes of Revitalization
The Bears & Eagles Riverfront Stadium in downtown Newark is going private. Lotus Equity group has agreed to purchase the stadium from the City of Newark and Essex County for $23.5 million. By transferring ownership to a private developer, the City of Newark will relieve taxpayers of the $4 million annual debt service obligation.
The downtown stadium, located at 450...