#waterfront-park

#waterfront-park

The revised budget proposal Gov. Gavin Newsom rolled out Thursday calls for giving the effort $125 million in funding raised by Proposition 4, a parks and climate resilience bond voters approved two years ago. That would cover most of the $175 million purchase price that the Stronach Group, the track's Canadian owner, agreed to in a deal announced earlier this year with the nonprofit Trust for Public Land, which plans to buy the site and transfer it to the East Bay Regional Park District.

A $255 million loan will finance the first construction phase of a massive $1 billion Hudson River development in Bergen County. S3 Capital said it originated the construction loan which will finance the initial phase of the mixed-use development at 615 River Road in Edgewater. The project aims to reshape Edgewater's waterfront with luxury housing, transit connections, and public amenities.