Compromise In LG Headquarters Construction? - Dallas News | myFOXdfw.com

Compromise In LG Headquarters Construction?

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Englewood Cliffs, New Jersey (My9NJ) -

There is a big dispute happening right now between a Rockefeller, the billion dollar company-LG Electronics and environmentalists. It’s all over the view of the New Jersey Palisades.

LG Electronics wants to have their new headquarters in Englewood Cliffs, New Jersey. They plan to build a 143 foot office tower, but those who are opposed to this construction believe that tower will exceed the tree lines and block their view of the palisades.

Now, Englewood Cliffs Mayor Joseph Parisi is stepping in and asking for a compromise. What critics don’t realize is that LG Electronics has over 200 other location options and can literally take their office and the jobs that come with it anywhere, even out of the state.

“The small loss would be losing that potential tax ratable which would be approximately $2.5 million in taxes. They pay about $600,000 now; our budget is only $17 million so that’s a considerable amount of revenue that we’ll lose. We’d also lose the construction jobs and we’d lose the permanent jobs,” Mayor Parisi explained.

So he is proposing that LG Electronics lower the height of the tower they were going to build and is asking for critics of the project to be flexible and willing to accept a modified development. However, he says there is a whole other issue that could come in and have an even bigger impact on the town.

“If a developer came in and wanted to put affordable housing and based on our quota put 1500 units and what that would mean, we only have 1800 homes in Englewood Cliffs, you put 1500 units, what it would do to impact our schools, our infrastructure, the police, fire, the ambulance and taxes would go up,” he said.

 

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