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  • Paterson,
  • NJ
  • (2021)

Hinchliffe Stadium Rehab

District: Nellie Pou (D-NJ09)

NMTC financing will power reimagination of historic former Negro League baseball stadium in Paterson, N.J.

Investment

  • NMTC Amount: $21,000,000
  • Total Project Cost: $59,304,671

IMPACT

  • 22 FTE jobs
  • 94 construction jobs
  • At least 30% of construction and permanent jobs will be targeted to minority and/or local residents.

CDEs

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Investor

Project Description

NMTC financing will power reimagination of historic former Negro League baseball stadium in Paterson, N.J.

The financing also includes $21 million of NMTC allocation from four Community Development Entities: Community Loan Fund of New Jersey, Consortium America, RBC Community Development and USBCDE.

The financing will enable the ongoing redevelopment of the stadium, which officially broke ground in mid-April. The construction process is expected to last approximately 18 months, with delivery expected in the fall of 2022. The $94-million development plan will restore the former home of the Negro Leagues baseball and also feature a 315-space parking garage and a six-story, 75-unit senior housing.

External Profile
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MAP

Address: 186 Maple Street, Paterson, NJ 7522

Census Tract: 34031264200

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Site Visits

Congressman Pascrell (D-NJ) Attends Groundbreaking for Hinchliffe NMTC Project

Congressman Bill Pascrell (D-NJ) attends a groundbreaking for the revitalization of the Hinchliffe Stadium
Learn more...
Dec-2021

News Stories

Baw Development Lands $94 Million in Construction Financing for Redevelopment of Hinchliffe Stadium

The Glorious Return of Hinchliffe, Yankee Stadium of the Negro Leagues

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