Brokers and Brokerage

Business Brokerage Environmentalists and developers statewide oppose changes made public by the state Department of Environmental Protection Monday to an anti-sprawl proposal introduced earlier this month.

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Forex Broker The proposal prohibits development within 300 feet of protected waterways and forces developers to guarantee rainfall soaks into the ground rather than running off. DEP officials said the amendments introduced Monday will close a loophole that could have allowed thousands of projects to move ahead unimpeded because of grandfathering.

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Online Brokerage Under the original draft, projects that received local approval prior to the adoption of the new guidelines would not have required state approval before being grandfathered.

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Real Estate Broker The proposal published Monday in the New Jersey Register requires a mixture of state and local approval in order for developments to be grandfathered. Only those builders who have previously cleared all hurdles would be allowed to build.

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Agency Brokerage Spark Nancy Wyttenburg, director of environmental affairs for the New Jersey Builders Association, said requiring both local and state approval stands contrary to current land-use laws. She called the attempt at closing the loophole "confusing" because developers would be forced to cross multiple layers of government.

Business Broker She said the builders' association opposes the measure but has not yet charted a course of action.

Brokerage Account "They are ignoring the existing regulatory framework," Wyttenburg said. "This proposal seems to say that these projects, if they are not getting a DEP review, will not get any review. That isn't true."

Stock Broker Because the public hearing and approval process of the amendments will likely take at least three to four months, environmentalists claim this will allow more developers to come in and apply for permits before the new guidelines actually go into effect.

Brokerage Online Stock Trading "Builders win and the environment loses," Jeff Tittel, director of the New Jersey Sierra Club, said in a previous interview. "The fact is, there is a loophole you can drive a bulldozer through. Some permits have only a 90-day clock, which means they can beat the rule and get in."

Broker Justin Ticket The Sierra Club says the measure is too lenient. One Sierra Club estimate places in the hundreds the number of projects that will be grandfathered.

Real Estate Brokerage "The concern we have is that in closing the loophole, they left most of it in place," Tittel said Monday.

Commodity Broker Doug Fenichel, spokesman for the state's largest home builder K. Hovnanian Cos. of Edison, N.J., said his company is taking a wait-and-see approach to the new rules.

Brokerage House Whether the revisions will have any effect on its planned developments is unclear, Fenichel said.

Real Estate Broker Exam Hovnanian has approval for its 292-home Milligan Farm project off Route 513 in Union Township, but its construction has been delayed by a separate DEP rule that bars the release of treated sewage to a nearby stream.

Brokerage Services "We'll have to take another look at each of our communities when the new rules come out," Fenichel said.

Broker Live Ticket Fenichel said Hovnanian proposes using state-of-the-art technology to manage stormwater at each of its proposed developments. He said changes in the rules at this point may create more environmental problems.

Online Brokerage Firm "We need to see what (DEP officials) are going to do," he said.

Security Broker Dealer By Terrence Dopp
The Express-Times - 9/16/2003

Topic: Water Pollution

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