The Western Edge project is a 298-unit mixed-use development that has been tied up in lawsuits for several years. Even though the building is not yet constructed, the agreement commits the developer to contribute $250,000 per year, with a 2 percent increase each year, for a total of 30 years. That money will be split among the Hoboken Board of Education and the city’s three charter schools.
At first glance, $250,000 sounds like a meaningful investment. But it helps to break the number down. Hoboken currently serves about 3,650 students across district and charter schools. When you divide the annual PILOT contribution by that number, it comes out to roughly a little less than $70 per student per year.
That amount may help cover small expenses, such as supplies, technology licenses, or short-term programs. However, it is not enough to fund additional teachers, reduce class sizes, or make major improvements to school buildings.
The council approved the ordinance with little discussion, though one member abstained due to concerns about the project’s legal history.
Picture: An artist’s rendering of the residential portion of the Western Edge Redevelopment Plan. Photo via Pegasus Partners.
More Details found on HUDSON COUNTY VIEW: https://hudsoncountyview.com/hoboken-council-votes-to-allocate-western-edge-pilot-revenues-to-public-schools/
ICE FLOW down the Hudson River at the George Washington Bridge (1/30/26): https://www.facebook.com/share/r/16vHFu5bb1/
