Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-12-19

for renting purposes, would give a better
| opportunity for railroad connections IN
the rear, would make il cheaper to con
struct the approaches from the upland,
and does not In any way initiate against
the carrying out of the latter proposition
in conjunction herewith at any future
period, and allows for progressive de-
velopment of the bay front, while giving
to the city 100 acres of completely filed
meadow land, which would be immedi-
ately available for rental purposes. and
should bring in a revenue sufficient to
meet the carrying charges on the cost OF
its development.
Factory Development.
The principal advantage as between the
two propositions would seem to be that,
by the filing of 100 acres ON the upland,
permanent factory development can pc
carried on upon the basis of ground
rental proposition, coupled with the right
of docking facilities and railroad con-
neetions, whereas In the construction or
a pier at this time 1t would not be the
part OF wisdom to give any ground rent
leases for any sufficiently long term
periods to justify the erection of perma-
nent buildings, because such leases would
eventually interfere with the proper de-
yelopment of the bay front of the city $
property, and the only revenue which
could at first be obtained from the pier
construction would be such as would be
incident to giving docking facilities and
railroad connections for unloading ships,
more remunerative revenue from ground
rentals.
In other words, to now construct only
piers on the bay would provide for an
Uncertain commerce., but the development
of sufficient land TO combine this com
mercial development with factory de-
velopment would certainly seem to be
more advantageous to the city, and par
ticularly so since the limited amount of
money available under present legislation
could be made to bring greater returns
to the city under the factory, dock and
railroad development proposition than
could be the case with a simple pier or
bay front development, and as Imam
cial proposition, as soon as one tract OF
say 100 acres was made self supporting,
so that at least one-half OF the carrying
charges of the $2,000.000 expended on the
development would be paid for from
earnings, the city would be justified in
issuing additional bonds for like de-
yelopment, or for further development
on the bay. The advantage of either
proposition could then be judged, In
accordance with the demand, without
having the fixed charges on the city that
were not directly carried by the develop,
ment at any time exceed the initial
amount expended for the acquisition OF
the property, and the money so expended
would be returned to the city In It's
increased manufacturing activities and In
more advantageous locations
for commercial Industries with deep
water and rail connections than can be
obtained in any other portion of the
port of New York.
Mr.. Gillen also objected to the pro-
posed plan to cut a diagonal street
the meadows from the Plank
road and running perhaps to FIRE.
avenue. Such a street, he
thought, would keep people from out
of town from seeing parts of the city
which 1t might be to their advantage
to see. DIR. Kraemer contended that
Mr.. Gillen's standpoint was very
one and that diagonal
street such as has been proposed
would eliminate the heavy traffic
from streets in the centre of the city