New Jersey § 52:27i-37

§ 52:27i-37.

The authority is directed to prepare and complete a business plan which comprises

all issues related to the closure, conversion, revitalization, and future use of Fort

Monmouth. Further, this business plan shall: include a validation review of any extant studies

on the perceived economic impact of this project on the State, the county, and the

boroughs of Eatontown, Oceanport and Tinton Falls; refine existing market analyses

and develop an absorption schedule; develop a short and long term job creation schedule;

include a detailed fiscal analysis that considers cash flow, annual revenue and costs,

cumulative revenue and costs, off-site infrastructure costs, and product absorption

by year; include an investment and financing strategy that includes grants, local

funding options such as the tax allocation district, bonds, taxation, licensing, permitting

and fees, and private investment; include a determination of fair market value of

property by parcel and overall, and propose an appropriate and feasible strategy for

using available BRAC transfer tools.