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Bill

S 3516

Authorizes State Treasurer to sell as surplus certain real property and improvements in City of Camden in Camden County.

2024-2025 Regular Session Introduced by Nick Scutari

New Jersey authorizes the State Treasurer to sell state-owned Camden real property as surplus, potentially generating revenue but raising questions about community input and local development priorities.

Substituted by A4707
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Bill Summary · S 3516

Legislative bill overview

S 3516 authorizes New Jersey's State Treasurer to sell specific state-owned real property and buildings located in Camden as surplus assets. The bill streamlines the disposal process for these properties that the state no longer requires for operational purposes.

Why is this important

State-owned property sales can generate revenue for the state budget while potentially allowing local development or community use of underutilized assets. In Camden, a city with significant economic challenges, how these properties are disposed of—whether through competitive sale, local preference, or development agreements—can meaningfully affect neighborhood revitalization and tax base recovery.

Potential points of contention

  • Lack of specificity: The bill doesn't identify which specific parcels are being sold, making it difficult for the public, Camden officials, or community members to evaluate the transaction's merits or potential impacts on their neighborhoods.
  • Revenue vs. community benefit: Maximizing sale price may conflict with community priorities like affordable housing, green space, or local business development if those assets command lower market value.
  • Local input and transparency: The bill doesn't establish requirements for Camden city council consultation, community input periods, or preference for local development partners, raising concerns about democratic oversight of public asset disposition.

Compiled from official sources — confirm details with the bill’s official record.

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