The New Jersey Economic Development Authority is currently working with Bayonne officials on how best to transform the site known as the Peninsula Project, a former military base, into a mixed-use development with high-rise housing, port expansions, and commercial and retail development.

The relationship is in its beginning stages, with the EDA meeting with municipal officials over the next two months to learn more about the scope of the 430-acre site - the former Military Ocean Terminal - the potential development opportunities, and how city officials and the Bayonne Local Redevelopment Authority would like to proceed with the large-scale development. The BLRA oversees the Peninsula Project.

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