If approved by the state, the North Bergen Liberty Generating Project would be located at an industrial site at 94th Street and Railroad Avenue. Currently, the space is used for a concrete facility, but is zoned for an electric plant. Local officials are onboard with the place because the proposed location is isolated from residential spaces, and could be a tax boon to the town.
The proposed project would cost $1.5 billion. It would consist of multiple components, according to an economic and fiscal analysis. They include the 1,200 mega watt combined cycle electric power generating facility itself; and a 6.5-mile, 345 kilovolt underground and submarine lead cable, which would traverse North Bergen and Bergen County and ultimately connect to a substation in Manhattan.
The plant would mitigate the need to run a new gas pipeline under the Hudson River, according to Diamond spokesman Brian Hague. He said the plant would be the "cleanest" electric-generating facility in the region. It would also bring in $53 million in tax revenue for both states, according to the economic analysis.
"While this project is still in the planning stages, we believe it represents a tremendous opportunity to secure the township's tax base in the coming decades and continue to keep property taxes stable," North Bergen spokesman Phil Swibinski said, in a statement.