Hoboken Seeks $4.8 Million Loan to Construct Southwest Resiliency Park

Hoboken city officials announced that the municipality will seek a $4.8 million loan to finance the construction of Southwest Resiliency Park.

The proposed park would be located on Block 12, Lots 1-7, 9 and 12-18. According to a release, it would feature passive recreational space, green infrastructure (such as rain gardens, shade tree pits, porous pavers, a cistern for rainwater harvesting and reuse) and an underground detention system to reduce stormwater run-off and localized flooding.

The city engineer’s estimate of probable construction costs is approximately $3,676,967. The City’s low-interest loan application to the New Jersey Environmental Infrastructure Trust, including a 20 percent contingency, is for a total not-to-exceed amount of $4,840,151.

As required by state law, the city will hold a public hearing to solicit feedback on the project on Wednesday, April 29, from 6 to 8 p.m., at the Multi-Service Center, 124 Grand St.

Copies of the planning documents, construction drawings and cost estimates may be viewed on the municipal website, or in the Office of the Municipal Manager, located in City Hall, 94 Washington St.

Written comments may also be submitted to smarks@hobokennj.gov

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