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NJPAC District

NJPAC District

Type

Education, Cultural & Arts

Location

Newark, NJ

Est. Project Cost

$332.8 million

Size

580,000 SF

Public Financing

New Market Tax Credit, ASPIRE Tax Credit, Bond Financing

Sponsor

New Jersey Performing Arts Center

Private Financing

N/A

Closing Date

2024

Art Center Campus

The Cooperman Center will be the preeminent home for free or low-cost after-school and summer arts programs, professional development for educators, and the creation of new performance work, while supporting local, emerging performing arts organizations. Ultimately, by 2027, the over $330 million NJPAC District will become an arts-infused neighborhood filled with 350 residential units, restaurants, stores, and cultural venues in collaboration with L+M Development Partners LLC.

Estimated Economic and Social Impact

Over 70 jobs and 130 construction jobs. Expanded access to arts education and professional development services.

Project Gallery