State, county and local officials as well as business and community leaders recently joined Cumberland County Improvement Authority representatives to celebrate the opening of a new State and County Services Campus located at 275 Delsea Drive in Vineland. A ribbon-cutting ceremony marked the launch of a building project model for the CCIA and their role in local economic development.
The project was financed and developed by the Improvement Authority, which owns the recently celebrated facility and a second building on the property. This initiative involves a partnership primarily with the New Jersey State Treasury and Motor Vehicle Commission which has resulted in a $14.4 million restoration incentive.
CCIA Executive Director Gerard Velazquez explained “Through CCIA’s prudent financing, acquisition and revival of this type of county facility — the Improvement Authority is creating advantageous economies of scale by being able to lease the building to its occupants at a lower cost than they had been paying previously.” According to Velazquez, this project is a leading example of other owned and leased space partnerships and shared services the Authority is also discussing with local municipalities.