Holtec Nuclear Corp., a Camden company best known for servicing spent uranium fuel and shutting down aging nuclear power plants, is trying to raise more than $750 millionby going public.
The company plans to use the money to further itsvision for new products includingsmall nuclear reactors that can be swapped in and out of power grids without shutting down a nuclear station.
The company, led by CEO Krishna P. Singh, and its share salespeople are trying to sell at least 50 million shares at more than $15 a share. They plan to list the company on the Nasdaq Stock Market under the symbol HNUC, according to a preliminary prospectus filed Tuesday with the Securities and Exchange Commission.
Proceeds of the sale would be used to build and sell small reactors, Green Boiler power batteries, uranium storage facilities, and for new markets such as cybersecurity and military products.
J.P. Morgan, Guggenheim Securities, Goldman Sachs & Co., Citigroup, and Bank of America’s securities arm are leading the sales effort and “road show” marketing Holtec to big investors. Morgan Stanley, Commerce Secretary Howard Lutnick’s Cantor Fitzgerald, and other firms also are participating, according to the SEC filing.
Holtec said in the statement that the company expects to cash in on a “surge” in demand for electric power in general — and nuclear-powered plants in particular — to supply data centers, compensate for increasingly extreme weather, and meet power needs for other new customers.
Risk factors Holtec disclosed include that the company’s plans “are premised on assumptions regarding future electricity demand, utilization levels, and long-term market conditions that may not be fully realized,” a potential pullback in data center and artificial intelligence power demand, and changes in government regulators’ or the public’s support of nuclear energy.
Krishna P. Singh, CEO of Holtec International, in 2014, before he moved the company to Camden from Marlton, N.J. DAVID M. WARREN
Founder Singh, who will be 80 next year, would control a disproportionately large 10 votes for each of his Class B shares, giving him 99% of the vote in naming board members and other shareholder decisions, sharply limiting the influence of investors buying Class A common shares in the offering.
As members of the Holtec board, Singh and his wife, Martha, a real estate investor, form a “concentration of ownership” that “may not be fully aligned with the interests” of shareholders buying into the IPO, the company warned potential investors. There are also four independent directors, including Susan N. Story, former CEO of Camden-based American Water Works.
The company employs around 4,150 people at facilities including its Advanced Manufacturing Division in Camden and manufacturing units in Pittsburgh and Orrville, Ohio, according to the prospectus.
Only one applicant has been pre-qualified to bid on Haddon Heights’ first retail liquor license — a Philadelphia-based developer with plans for a restaurant and luxury apartments on the corner of Station Avenue and the White Horse Pike.
Haddon Heights Borough Council unanimously approved the resolution prequalifying Station Avenue Partners LLC to bid on the license during its Sept. 1 work session.
The company submitted an application for a retail liquor license at 501 Station Ave. at the northeastern entrance of the borough’s downtown corridor, according to the resolution.
The team behind Station Avenue Partners also own Broken Ground Properties, which is redeveloping the property at the corner.
Plans for the site include a 2,750-square-foot first-floor restaurant or commercial space with outdoor seating and a rooftop deck, Broken Ground Properties owner Gary Farrell said. The top two floors will be home to a dozen luxury apartments and a nearly 3,000-square-foot rooftop area for residents, he said.
The entire project will stretch across both 501 and 503 Station Ave., adjoining properties that were previously home to buildings dating back to the early 20th century. The buildings had fallen into disrepair over the years and the borough included the property in its redevelopment plan in 2023.
With utility lines placed and construction moving along, Farrell said he expects the project to be finished by February. The commercial space will likely be the last part of the project completed, he said, because the future tenant will be in charge of the remaining outfitting and design.
So far, Farrell said, they’ve been in talks with multiple restaurant groups interested in the property, but they’re waiting to officially have the liquor license in hand before putting it on the market.
The company was the only applicant for pre-qualification ahead of the Sept. 15 public auction for the license, Haddon Heights Mayor Zachary Houck said.
Pre-qualification is required to participate in municipal liquor license auctions in New Jersey to ensure that all bidders are legally and financially eligible to hold a liquor license under the state’s Alcoholic Beverage Control laws.
But pre-qualification does not automatically mean the license is awarded; Station Avenue Partners will still need to participate in the upcoming public auction.
The minimum bid for the license is $200,000 after being reduced by the borough from its original $400,000 starting price.
In 2024, voters approved a referendum ending the borough’s 120-year status as a dry town and permitting Haddon Heights to issue two plenary retail consumption licenses that allow the sale and consumption of alcoholic beverages on licensed properties.
Following a successful first public auction, Houck said, the administration would consider initiating the same process for the borough’s second liquor license by the end of the year or sometime in early 2027.
Just a few miles away, historically dry Collingswood is following Haddon Heights’ lead.
Tom Corcoran, 82, of Philadelphia, retired president of the Delaware River Waterfront Corp., founding president and former chief executive officer of the old Cooper’s Ferry Development Association in Camden, former business administrator for the city of Camden, onetime Peace Corps program director in West Africa, mentor, and poetry enthusiast, died Sunday, Aug. 30, of complications from dementia at his home in Center City.
Born in Chicago and a graduate of Loyola University Chicago, Mr. Corcoran earned a master’s degree in public administration at the University of Pennsylvania’s Wharton School in 1975 and never strayed far from the Delaware River after that. He spent 25 years, from 1984 to 2009, as president and CEO of the Cooper’s Ferry Development Association on the Camden waterfront, and eight years, from 2009 to 2017, as president of the Delaware River Waterfront Corp. in Philadelphia.
He championed what he called “the two cities, one waterfront strategy” and was especially adept, former colleagues said, at political maneuvering and marshaling funds and projects. Former colleagues on both sides of the Delaware called him “a tireless public servant,” “a visionary urban planner,” and an “economic development strategist with short-term practicality and long-term vision.”
In Camden, Mr. Corcoran added more than $550 million of investments to the waterfront area and oversaw the development of what is now the Freedom Mortgage Pavilion, the Adventure Aquarium, Wiggins Waterfront Park, the Riverlink Ferry, several office buildings, and other projects. Another New Jersey developer called him a “cult figure” among state lawmakers.
Mr. Corcoran talks at City Hall in 2011 about creating a string of parks along the Delaware River.Akira Suwa / Staff Photographer
He said education as well as development was key to building a strong local economy and told The Inquirer in 2006: “Until Camden has a good-quality education system, we’re not going to be able to attract families with school-age children back to the city.”
Dana L. Redd, former Camden mayor and current president and CEO of Camden Community Partnership, said on Facebook that Mr. Corcoran often slept on a cot in his Camden office and left daily handwritten messages that his project managers called “love notes.” Redd said: “He challenged a generation of urban leaders to think bigger, believe in Camden, and dream about what the city could become.”
In Philadelphia, he initiated the Race Street and Washington Avenue pier parks, the Spruce Street Harbor Park, a miles-long bike and walking trail, and the I-95 overpass park to reconnect Center City with its waterfront. “The more we look at the concept of one waterfront, two states, the more opportunities we’re going to find,” he said when he left Camden for Philadelphia in 2009.
When he retired in 2017, he said: “Instead of swinging for the fences, we decided we would hit singles and doubles and bunts and sacrifices, steal bases, and do whatever we could. Eventually, we thought, we’d always get back to the center.”
Mr. Corcoran (left) shakes hands with then-Mayor Michael Nutter in 2009 after joining the Delaware River Waterfront Corp. Alejandro A. Alvarez / Staff Photographer
Longtime colleague and friend Bill Hankowsky said: “It is truly unique that a single individual could have the vast impact across two facing waterfronts in the center of one of the country’s major urban metros.”
Earlier, Mr. Corcoran served nine years, from 1975 to 1984, in Camden city government, rising from administrative aide to business administrator. In 2001, he earned a Good Neighbor Award from the Camden County chapter of the American Red Cross for his “integral role in the revitalization of the city.”
In the 1960s, Mr. Corcoran joined the Peace Corps after college and spent seven years in Africa building dams and wells with local farmers. He spoke French and the local African language, and rose to program director.
“What an exemplary life he led,” a former Peace Corps colleague said in a tribute, “without fanfare or drama and always with service to others.”
Mr. Corcoran (right) led visitors on a tour of the Washington Avenue pier park in 2014.Viviana Pernot / Staff Photographer
Off the waterfront, Mr. Corcoran was enthralled by poetry and his Irish heritage. He liked to recite lines from Ulysses and other poems, and sing songs from the old country.
“He was a true Renaissance man who had a remarkable vision for communities and people,” a former colleague said. Former colleague John Grady said: ”Tom was a giant, unassuming, persistent force for the local community.”
Thomas Patrick Corcoran was born May 13, 1944. He earned a bachelor’s degree in political science at Loyola in Chicago and rode camels to work in Africa during his time in the Peace Corps.
He met Robin Lowey at a dinner society event, and they married in 2003, and lived in Camden and Philadelphia. They enjoyed traveling and dining together, and hashing over world affairs.
Mr. Corcoran and his wife, Robin Lowey, married in 2003. Courtesy of friends
In 2009, he said he often peered through a telescope at the Philadelphia waterfront from his home in Camden and wondered how he would develop Penn’s Landing. “He’s the one who brought together the business leaders and was able to steer through difficult political waters,” then-Camden County freeholder Jeffrey Nash said in 2009.
His wife said: “He was a kind and generous gentleman. He was a good, nice person.”
In addition to his wife, Mr. Corcoran is survived by three sisters, a brother, and other relatives.
Services were held Thursday.
Donations in his name may be made to the Caplan Caring Difference Fund at the Penn Memory Center, Office of the Treasurer, Box 71332, Philadelphia, Pa. 19176.
Mr. Corcoran spent seven years in the Peace Corps after college. Courtesy of friends
The Campbell’s Co. has cut 13% of its salaried workforce, roughly 515 employees, amid declining sales.
The Camden-headquartered soup, snack, and sauce business has suffered from inflation among other challenges, president and CEO Mick Beekhuizen said in an earnings call Thursday, highlighting multiple cost-cutting efforts. He did not provide information on where the workforce reductions took place, and a company spokesperson declined to offer more details on how many were impacted in Camden.
The company reported $9.7 billion in net sales for its most recent fiscal year, which ended Aug. 2, a decrease of 5% from 2025.
“Our results remain unacceptable,” Beekhuizen said. “But instead of waiting for the environment to improve around us, we are addressing reality head-on.”
Beekhuizen said inflation is expected to continue being an issue in the coming year amid an “external environment that we expect will remain volatile.”
The company is embarking on a $500 million cost-cutting initiative over four years to get back to “profitable growth,” Beekhuizen said. He said the company is making “difficult but necessary” decisions.
Some of that work is already underway. The company has recently cut costs in part by reducing its salaried workforce by 13% through voluntary early retirements and layoffs. The company had 13,700 full-time and part-time employees as of September 2025.
Campbell’s also recently closed two snack facilities and plans to increase prices on roughly 60% of its products.
The company’s snack division, which includes Goldfish, Pepperidge Farm, and Cape Cod, saw a 12% decrease in net sales last quarter. The meals and beverages segment, which includes Rao’s Homemade, Swanson, and Prego, saw a 4% decrease.
“Our performance is not where it needs to be, and we are taking decisive action to improve it,” Beekhuizen said.
Since Beekhuizen became CEO last year, the company’s leadership team has been “strengthened” through internal promotions and some external hiring, he said.
“Looking ahead, our top priority is to get closer to the consumer in everything we do,” he said. “This is not new, but it’s a philosophy we must follow with greater speed and discipline.”
Special education and the student use of electronic devices will likely be two hot topics when candidates for the Cherry Hill Board of Education are questioned at a forum in two weeks.
Jamie Marchese, chair of the Zone PTA for South Jersey’s largest school district, said special education usually comes up at candidate forums and, this year, screen time by students is a big issue.
Cherry Hill schools also are in the midst of a massive renovation program, financed by a $363 million bond referendum passed by voters in 2022.
The forum for the eight school board candidates, sponsored by the parent–teacher association and moderated by the League of Women Voters, will be held on Tuesday, Sept. 15 from 6:30 to 8:30 p.m. in the Cherry Hill High School West auditorium — the first in-person forum since the pandemic. The audience also can join in remotely by Zoom.
The five-member Zone PTA board represents the school district’s 18 school PTAs and the special education PTA.
Marchese said residents have been asking for a live audience for the annual forum.
“Not everyone likes to sit in front of a screen and watch,” she said.
Voters will cast their ballots in advance or go to the polls on Nov. 3 to select three board members for three-year terms.
The candidates, in the order they are listed on the ballot and their slogans, are:
Melissa Manzano (incumbent), Experience in Education
Darby Malvey, Experience in Education
Renee Cherfane (incumbent), Learn, Then Rebuild
Joseph Lynch, Leadership, Results, Integrity
Harold “Hal” Melleby Jr., Experience-Leadership-Community
Residents have until Sept. 11 to submit their questions for the candidates, said Marchese, who lives in the Windsor Park neighborhood and has three children in Cherry Hill schools. Questions can be submitted via Google form.
Marchese said that some questions may be combined because of the time constraints on the two-hour forum.
The forum will open with candidates spending two minutes each to present their platforms. Each candidate will also get a two-minute closing statement at the end of the forum.
Candidates are also given one minute to respond to each of the questions.
All community members are invited to attend, Marchese said. In November, voters will select Board of Education members “to represent us in our wants and needs for our public schools,” she said.
70and73.com is a hyperlocal news site focused on South Jersey, including the communities of Cherry Hill, Evesham, Mount Laurel, Voorhees, Medford, Medford Lakes, and Moorestown.
In our quest to keep you up to date on the restaurant scene, here are 12 spots that opened in the last few months. One example is Ogyu (shown above), which took over Ardmore’s former Iron Hill Brewing. It’s a grill-it-yourself Japanese steakhouse from the owner of the nearby Osushi.
You have to be in shape to lug around 100-pound salmon and tuna. Kiki Aranita found a group of sushi chefs who routinely lift weights. As they say in the maki game: no pain, no grain.
A couple didn’t want their local drinking spot to shut down for good. Sarah Nicell writes that they found a solution: They bought it.
The lines are long, and the branding is adorable. Kiki Aranita visits Kyo Matcha in Chinatown.
Pinot grigio is wildly popular for a good reason, and wine writer Marnie Old explains where the best ones come from.
Poe is expanding
Sandwichmeister N.A. Poe will expand the hours of his kitchen operation at Poison Heart next week while preparing to open a new Poe’s Sandwich Joint location by the end of the year.
Starting Tuesday, Poe’s will operate seven days a week out of Poison Heart, 931 Spring Garden St., where he’s run the cocktail bar’s kitchen since last September. Daytime service will be pickup, takeout, and delivery only; Poison Heart itself will not open for daytime bar or dine-in service.
Poe, the nom de plume of Richard Tamaccio Jr., is not disclosing the new joint’s location or opening date. “We look forward to the freedom to do things our way without interference or apologies,” he said.
The move follows Poe’s split with Human Robot Brewing Co., where he had operated since 2019. His last day at Human Robot’s Kensington location is Thursday. Cantina La Martina will take over Human Robot’s kitchens at both Kensington and Brewerytown. Poe also parted company with the Monto, a new Old City bar.
At Poison Heart, Poe’s will operate from 11 a.m. to 9 p.m. Sunday through Tuesday and 11 a.m. to 6 p.m. Wednesday through Saturday. Poison Heart’s regular Wednesday-through-Saturday evening service will continue, with Poe’s classics and specials added to the menu.
Two tasty bright spots of a staycation for Emily Bloch and her boyfriend included hamachi collar and poolside swordfish skewers. In other words: There’s great fish to be had in Fishtown.
Scoops
Old Friend, an upscale restaurant with a wood-fired grill and a chef with a Center City pedigree, is coming to the Main Line later this year.
Corte, on its way to the former East Market home of Mulherin’s Pizza, will have an Italian backbone, focusing on handmade pasta and cooking from the wood-fired oven. If that sounds like University City’s Corio, that’s because the same crew is behind it.
Big Charlie’s Saloon, the nationally known Kansas City Chiefs-theme bar in South Philadelphia that closed with the owner’s death last December, is under agreement of sale. The buyers’ plans don’t include NFL memorabilia.
Restaurant report
We’re in a New York state of mind:
Dorade asado and pork belly al pastor (shown above) are two dishes offered at the new Mixteca, the Kensington offshoot of a Manhattan agave-focused coctelería from two James Beard Award-winning bartenders. Beatrice Forman heads to the former Martha for a look around.
Smash burgers and fries are the hook at 7th Street Burger, a fast-growing Manhattan-based burger chain that just opened the first of four Philadelphia-area locations in Fishtown. Kiki Aranita takes a bite.
Briefly noted
Jose Pistola’s 19-year run in Center City has ended. Its related bars in Fishtown and South Philadelphia are unaffected.
Mount Masala Himalayan Cuisine (300 White Horse Rd., Voorhees) will host a Nepal disaster-relief fundraiser on Thursday, Sept. 10 from 5 p.m. to closing under the auspices of South Jersey Food Scene. It’s a $25 buffet of Nepali-Himalayan dishes for dine-in or takeout, with all sales donated to the Nepalese government for flood relief.
🥂 New Jersey has permanently allowed the sale and delivery of to-go alcoholic beverages in towns that permit it.
Ask Mike anything
Did Philip Korshak ever open his store, Korshak Picnic Provisions? — Joan M.
Back in February, Phil Korshak, the poet-baker who left town in 2023 after closing his cult-favorite Korshak Bagels, thought he’d open his quirky corner store at 13th and Reed Streets by May. However, “you have no idea how many contractors, electricians, and plumbers go to Europe and Japan in the summertime,” he told me in June. This week, Korshak said the store — now called Korshak Parkside Provisions — is in the health department inspections queue and he’s expecting equipment deliveries. “Let’s call it October,” he told me.
📮 Have a question about food in Philly? Email your questions to me at mklein@inquirer.com for a chance to be featured in my newsletter.
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The developer of an affordable housing apartment complex in Voorhees expects the same heavy demand from potential tenants that he experienced with a similar complex his company opened nearby in April.
Hundreds of potential tenants fill the waiting list for available apartments at the 81-unit Victory Commons, a $30 million project that held a grand opening on April 30 at 1223 Haddonfield-Berlin Road, saidNicholas J. Cangelosi, regional vice president of The Michaels Organization, the Camden-based national developer of rental properties.
Cangelosi said he expects far more applicants than openings when his firm opens 120 affordable housing apartments on the 6.6-acre site of the now-vacant L&L Redi Mix concrete company at 600 and 602 Centennial Boulevard.
Centennial Housing Associates LLC, owned by Michaels, is scheduled to appear before the Voorhees Planning Board on Sept. 9 for preliminary and final site plan approvals for The Oaks at Centennial, which would feature 120 apartments built in two phases. The meeting begins at 7 p.m. after a 6:45 caucus at the Voorhees Township Municipal Building.
The $50 million Oaks at Centennial project is included in the fourth round of the township’s affordable housing commitment.
A third Michaels project in Voorhees, a $23 million project with 60 affordable units on Sheppard Road, has been approved by the planning board and awaits financing approval by the New Jersey Housing and Mortgage Finance Agency, Cangelosi said.
The total of 261 units developed by Michaels in the town will be sought because families want to live in Voorhees, he said.
The now-vacant concrete plant on the Voorhees property will be demolished to make way for the apartment complex.Neill Borowski
Rent for the affordable units will be paid by the tenants, whose incomes must fall under a maximum amount.
Many of the Victory Commons units have been rented to “essential workers” in the community who are employed in retail, healthcare, and schools, Cangelosi said.
“They’re the essential backbone of the community,” he said. “They get to live close to where they work,” he added.
Monthly rent for a two-bedroom unit at the proposed Oaks development for a family earning 60% of Area Median Income would be $1,587. Rent for a one-bedroom unit would be $1,323 and $1,834 for three bedrooms.
In the developer’s application to the Planning Board, traffic consultant Shropshire Associates LLC of Atco estimates The Oaks would generate 43 extra trips during the morning peak hour and 60 extra trips during the afternoon peak hour.
New Jersey’s elected leaders are focused on the shortage of housing. Gov. Mikie Sherrill in April signed an Executive Order that called for a housing plan to be delivered in September.
“We can’t make New Jersey more affordable without making housing more affordable,” Sherrill said in a statement when she signed the order. “With this Executive Order, we are aligning every tool at our disposal to accelerate housing production and make it easier for families to put down roots in the communities they love,” she said.
70and73.com is a hyperlocal news site focused on South Jersey, including the communities of Cherry Hill, Evesham, Mount Laurel, Voorhees, Medford, Medford Lakes, and Moorestown.
Legend has it that the continued ban of liquor sales in Collingswood, which dates back to 1873, was a stipulation when the park was dedicated in 1888. If alcohol sales were ever permitted, the story goes that the nearly 70-acre park would cease to be a public asset and would be sold to developers.
With Collingswood voters set to decide on the future of alcohol sales in November, questions about the potential impact on Knight Park have swirled on social media and reached borough officials.
“Knight’s Park [sic] existence depends on the longtime tradition of Collingswood being a dry town,” one person wrote on Facebook.
“I recall hearing that if Collingswood was no longer a ‘dry town’ they would lose Knight’s Park [sic] as that was part of the agreement when the family donated it. Anybody know if this is true?” another person asked.
So, is there any truth to the rumor? No, according to officials.
“It’s an old wives tale,” borough administrator Cassandra Duffey said in an email. “There is no relationship between Knight Park and liquor licenses.”
Duffey, a 20-year resident of the borough, said she’s not sure of the rumor’s origin and that it predated her arrival in Collingswood.
“I’ve had to dispel this rumor every year I’ve been here,” she said.
The triangle-shaped park in the center of the borough was gifted by businessperson Edward C. Knight, in memory of his parents, according to the park’s website.
The park has been overseen by an independent seven-person board of trustees that works with the borough to coordinate and run local sports leagues and public events.
Bordered by Browning Road and Collings and Park Avenues, Knight Park boasts athletic fields, a walking and biking path, a playground, and a pond. Over the years, the park’s popular gazebo has become a local destination for weddings and other celebrations.
Like other public parks in Collingswood and across South Jersey, alcohol is not permitted — though that appears to be the only alcohol-related rule officially connected to the property.
The future of Knight Park has no connection to liquor sales in the borough, Collingswood officials emphasized.
“It’s a persistent rumor, but only that,” Duffey said.
In a case of corporate déjà vu, the Subaru of Cherry Hill dealership plans to move from one side of Route 70 to the eastbound side on about 14 vacant acres that held the corporate headquarters of Subaru of America until its 2018 move to Camden.
The new Subaru dealership, first approved in 2023 by the Cherry Hill Planning Board, now requires amended plans that include site design changes to reflect New Jersey Department of Environment Protection flood hazard regulations. The Cooper River is across Park Boulevard from the property.
Subaru’s amended application is scheduled to be considered by the board at its Sept. 8 online meeting, which begins with a caucus at 7 p.m. The showroom, service area, and other offices will occupy a 67,035-square-foot building footprint that includes a 21,840-square-foot showroom and 36,350-square-foot service area. Site plans call for 658 parking spaces, of which 454 will be used to store Subaru’s car inventory.
The five-story, $18-million Subaru corporate headquarters on Route 70 opened in 1986 and was demolished in 2019 after the corporation’s 2018 move to a new $118-million home in Camden.
The site plan for the new Subaru dealership in Cherry Hill. Route 70 is at top and Park Boulevard at the bottom.Subaru's application to the Cherry Hill Planning Board
Subaru’s headquarters wasn’t the most famous building to occupy the 2235 Route 70 site.
The Latin Casino, where some of the most famous entertainers of the day performed, opened there in 1960 and was demolished in the early 1980s.
Steve Martin, Tom Jones, Dean Martin, Dionne Warwick, Frank Sinatra, Ray Charles, Aretha Franklin, Ella Fitzgerald, and Johnny Mathis performed at the 1,500-seat dinner club in Cherry Hill, according to website Concert Archives. Rhythm and blues singer Jackie Wilson in 1975 was performing on stage when he had a massive heart attack that left him in and out of comas until his death in 1984.
The Subaru dealership plans originally were approved by the Planning Board in 2023. Star Real Estate of Cherry Hill II LLC, the developer at the time, assigned its approvals to Subaru of America Inc. and Subaru Insurance Agency Inc., which are now developing the site, according to the township. The current dealership is at 1800 Route 70 westbound.
An operations statement from the developer says the site will have about 35 employees in the sales area and about 45 employees in the parts and service area, according to township records.
Test drives would turn right onto Park Boulevard, turn right at the Audi dealership, and left at the light onto Route 70, according to the application. Drivers would go to the Wawa in Pennsauken and turn around and come back on Route 70.
Landscaping at the new dealership will be designed by the Pennsylvania Horticultural Society and will be consistent with Subaru branding and similar to the Camden headquarters, according to the dealer’s application.
70and73.com is a hyperlocal news site focused on South Jersey, including the communities of Cherry Hill, Evesham, Mount Laurel, Voorhees, Medford, Medford Lakes, and Moorestown.
Barrington has introduced three ordinances that would expand, regulate, and tax sales for cannabis businesses.
Kyle Hanson, Barrington’s mayor, said the legislative moves are an effort to make the borough’s International Paper facility, which was set to close Monday, attractive to cannabis companies that could move in.
The Memphis-based company with nearly 200 facilities across the country announced this summer that its Barrington plant would close in the third quarter of 2026 as part of its restructuring plan and lay off 126 workers.
Amy Simpson, an International Paper spokesperson, said Monday was the last production date for the Barrington facility.
While no cannabis business (or others) have approached Barrington about taking over the facility, Hanson said he brought the idea to the borough’s council in the hope that broadening permitted uses could bring more economic development to the closing facility and vacant properties in the district.
“The decision was more about being proactive with our zoning and giving ourselves additional options as we prepare for the loss of a long-time town business,” Hanson said by email.
The package, which had its first reading by Barrington’s council on Aug. 11, would allow cannabis cultivators, manufacturers, distributors, and delivery establishments, along with cannabis wholesalers and retailers already permitted in the borough, to operate in the manufacturing district. The proposal would allow cannabis delivery companies to work in the business commercial district, too.
The borough would apply a 2% municipal transfer tax to sales by those businesses, except cannabis wholesalers, which would get a 1% tax. One ordinance also sets conditions, including that the facilities would be more than 200 feet away from educational buildings and other cannabis plants and more than 50 feet from residential neighborhoods.
International Paper has other facilities in South Jersey, including in Bellmawr, West Deptford, and Vineland.
Simpson said the site at 100 E. Gloucester Pike isn’t currently on the market, but a sale should come in mid-2027. She did not answer whether an agreement is currently in place for the property.
The ordinances are scheduled for a public hearing and vote on Sept. 8. at a borough council meeting. Hanson said council unanimously agreed to move forward with the ordinances for a vote, so he expects all members to approve.
