Woodbury Redevelopment

Gloucester County, Woodbury & Inspira Partnership formed to plan redevelopment for North Broad Street

Woodbury, NJ (May 11, 2016) – Under a Memorandum of Understanding, The Gloucester County Improvement Authority will serve as Redevelopment Entity and project managers for the redevelopment of the Redevelopment Area and assist the City and Inspira Health in the creation of a final Redevelopment Plan for the Inspira Campus.

The Memorandum of Understanding (MOU) spells out goals and objectives, parties’ roles and responsibilities in order to determine and market the economically viable uses for the unique property and assets.

NJ Senate President Steve Sweeney said, “Inspira, the City of Woodbury and the GCIA are doing what private industry and local government should do, work together to achieve the best use of the hospital’s campus to spur growth.  I am very proud that these parties have come together as leaders for the sake of Woodbury and its surrounding communities.  Everyone will benefit from this redevelopment effort.”

Freeholder Director Robert Damminger said, “This is an important step forward in the future of the County’s seat.  We are committed to the success of the City of Woodbury.  Through this partnership we are all working to maximize opportunities for city residents, and for all residents.”

Freeholder Heather Simmons, Liaison to Economic Development said, “A coordinated vision for the redevelopment and revitalization of North Broad Street in Woodbury is in everyone’s best interest.  There are many existing assets that need to be studied for the best and most effective ways to redevelop this area so we can utilize this area to its fullest potential and promote economic development and jobs.”

John DiAngelo, Inspira president & CEO concurs.  “We look forward to continue working with the City of Woodbury and the Gloucester County Improvement Authority in this next phase which will focus on determining how the future Inspira Medical Center Woodbury campus can best meet the needs of the community.”  

The partnership will officially begin on June 1, 2016 and terminate on May 31, 2017, with Inspira Health committing $100,000 for independent feasibility studies to help determine a project’s viability, hiring marketing professionals and conducting market research.  The GCIA serve as the project manager.  

Woodbury Council President Dave Trovato, “On behalf of the City of Woodbury, I am very pleased that after many months of discussions, the City will be partnering with both Inspira and the GCIA on this project.   This is a clear example of local and county government working in partnership with a private entity to benefit the community.”
 
City Administrator Michael Theokas, “Inspira’s willingness to invest with us in a feasibility study to determine the highest and best use of their campus, along with the City’s DVRPC transportation feasibility grant focusing on the impact the light rail, will give us a clear path forward on how the City  will  grow into a true regional economic force.”
 
Council President Trovato adds, “The GCIA taking the lead on the redevelopment of the North Broad Street corridor speaks volumes to our community here in Woodbury. I want to thank our leadership at the County level, as well as our State and Assembly leaders for their advocacy and continued support.  I also want to acknowledge the leadership at Inspira for understanding the importance of a working partnership and supporting the City and the GCIA.   It proves that the current Inspira site is a vital component to both the City and the County’s economic growth and that the highest and best use of the area is beneficial for all parties.”