Exchange Place Alliance SID (EPASID)
The Exchange Place Alliance will be a Special Improvement District (SID) management corporation financed entirely from private sector funding. It will promote and guide economic revitalization and social growth while making the area cleaner, safer, and greener. The Jersey City Municipal Council is expected to introduce the measure authorizing the proposal at its meeting next week (Wednedsay November 9), with a public hearing and final vote on Tuesday Nov. 22nd.
In order to promote economic growth while also attracting new retail and businesses to the area, the Exchange Place Alliance will elevate the neighborhood through capital improvements, repairs and maintenance, landscaping, cleaning, and programming. Previously untapped sources of revenue will be utilized for improvements including the restoration of and upgrades to Peninsula Park, as well as Colgate Park.
The Alliance will also work to enhance the sense of arrival for the area. New amenities will include wayfinding signage and informational kiosks to help direct the public, public restrooms, tables and chairs along the Hudson River Waterfront Walkway, Citi Bike stations, and public Wi-Fi.
The Alliance will hire a crew of workers that will be responsible for timely trash and snow removal, street cleaning, and litter removal, as well as landscaping and hardscaping. New bollards and lighting are planned to be installed in coordination with PATH and PSE&G.
As part of its mission, the Exchange Place Alliance will bring excitement to the area with vibrant weekend and weekday events and programming. It will have a strong social media presence and website, as well as sponsor local groups and support local non-profits and businesses. Through these various communication channels, the Alliance will focus on getting the word out about the new organization and the area as a destination more generally.
The proposed Alliance would run from the intersection of Essex and Hudson Streets north to Thomas Gangemi Drive. It includes the entire Harborside complex where Mack-Cali is undertaking a complete transformation and reimagination to introduce enhanced dining options, an energized urban landscape, unique retail experiences, and more.
View the plan for the EPASID here.
View a map of the area here.
View the draft ordinance here.
View a draft of the bylaws here.
View the Certificate of Incorporation here.