Virginia Street Fidelco Property Sale

At a glance

• What: Ordinance 26-1155 authorizing the sale of City property (Block 3773, lots 15, 41, 43 and 53) to Virginia Street Fidelco, LLC for $13,810,000, less a remediation and demolition credit, under an amended and restated agreement for sale and redevelopment of land.
• Where it stands: Adopted on final passage September 9, 2026 after a public hearing; no dissent recorded.
• Next: None pending. The credit amount is not stated in the minutes.

Public hearing (September 9)

Legislative Administrator Daniel commented. Public speakers were Keisha Baldwin, Lisa Parker, Felicia Alston-Singleton; positions not recorded. Council Member Council moved to close the hearing and adopt, seconded by Council Member Crump.

Sources

• City Council regular meeting minutes, September 9, 2026: https://legistar1.granicus.com/Newark/meetings/2026/9/302222_M_Municipal_Council_26-09-09_Meeting_Minutes.pdf

Log

2026-09-09 - City Council

Public hearing; adopted.