““In these tough economic times, the good union construction jobs created by this project are a godsend for our members.” ”
MacMahon Student Center - Jersey City, NJ
Allocation: $10M | TDC: $49.1M | Union Construction Jobs: 308 | Permanent Jobs: 80 | Commercial SF: 87,000
Building America CDE, Inc. allocated New Markets Tax Credits (NMTC) for the construction of the Mac Mahon Student Center on the campus of St. Peter’s University in Jersey City's low-income McGinley Square community. The Center is a six-story, 90,000-square-foot facility offering a myriad of venues, services, and outreach opportunities for faculty, students, local residents, and community groups. The project has a total development cost of $49.1 million. It is the first phase of an ambitious redevelopment plan aimed to revitalize the McGinley Square public housing development.