Title
Dept/ Agency: Economic and Housing Development
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: 2025 Annual Budget of Newark Alliance, Inc.
Purpose: Introducing and Approving the 2025 Annual Budget of the Newark Alliance, Inc.
Amount: $2,312,850.00
Budget Period: January 1, 2025 through December 31, 2025
Additional Information:
Ordinance 6PSF-H, adopted on June 19, 2013, authorized the creation of the Greater Newark Tourism Improvement District Management Corporation d/b/a The Greater Newark Convention and Visitor's Bureau, to serve as the District Management Corporation of the Greater Newark Tourism Improvement District. Ordinance 6PSF-h adopted on January 8, 2025, designated the Newark Alliance, Inc. as the District Management Corporation Management Corporation for the Greater Newark Tourism Improvement District, thereby replacing the Greater Newark Tourism Improvement District Management Corporation.
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WHEREAS, on June 19, 2013, the Newark Municipal Council ("Municipal Council") adopted Ordinance 6PSF-h, whereby the Mayor of the City of Newark created within the City of Newark ("City") a Special Improvement District, pursuant to N.J.S.A. 40:56-65 et seq. ("Ordinance") to be known as the Greater Newark Tourism Improvement District ("Special Improvement District") and designated the Greater Newark Tourism Improvement District Management Corporation d/b/a The Greater Newark Convention and Visitor's Bureau as the District Management Corporation; and
WHEREAS, subsequently on January 8, 2025, pursuant to N.J.S.A. 40:56-65(c), the Municipal Council adopted Ordinance 6PSF-h, in which the Mayor of the City of Newark designated the Newark Alliance, Inc., a New Jersey nonprofit corporation, (the "Newark Alliance") as the District Management Corporation for the Special Improvement District, which became effective on April 1, 2025, and replaced, in its entirety, the Greater Newark Convention and Visitor Bureau as the Distric...
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