- Completion: Ongoing
- Location: Federal Aviation Administration William J. Hughes Technical Center
- Size: N/A
- Developer: Stockton University
- Investment: CRDA $2,674,000
The CRDA is providing $2,674,000 in funding for the Stockton Aviation Research and Technology Park. This funding will be utilized for a portion of the construction of the park’s initial 66,000-square-foot building, which will be outfitted for research and development space. The project will be 100% publicly owned and funded, with an estimated total cost of $22,450,000. In addition to the CRDA funding, the Atlantic County Improvement Authority (ACIA) is providing approximately $15.5 million towards the project, with Atlantic County pledging over $6 million in general obligation bond funding. The build out process will last between eight and 14 months. Stockton University is taking the lead in developing the park for aviation-related research and programs with the goal of developing 400,000 square feet of office space on 58 acres of land.
Click here https://stockton.edu/sartp/ for more information on the Stockton Aviation Research and Technology Park.