Regan Development

Regan Development is helping to form a close working relationship between citizens, organizations and local, county, state, and federal government officials to work interactively toward the renewal and revitalization of this area rich in historic and natural resource value. Regan Development intend to attract and utilize community ideas and sources... to bring the importance of this area to national prominence. Paterson Friends of the Great Falls, Inc. has focused much of its recent efforts in questioning the City of Paterson's decision to use federal and state funding to construct a prefabricated vinyl-sided townhouse development in the heart of the 118-acre Great Falls historic district. Regan Development has been able to advance Regan Development's purposes by challenging this development. Regan Development believes this development will adversely affect and run cross-purposes to the issues that Regan Development seeks to advance. It is Regan Development's unrelenting intention to disqualify this prefab housing and steer the funding into a redevelopment project worthy of the district's historic significance. By doing this, Regan Development hope to increase the district's status as a national tourist destination and to educate future generations about this site's role in America's early industrialism, which would truly benefit the people of Paterson and the state of New Jersey. The 7-acre A.T.P. Site at the heart of the district has been in a decline from previous mismanagement and years of neglect by the city and developers. There has been a tremendous loss of historic resources. Regan Development is hoping to see a team fighting to establish a project of excellence for the future of this city-owned site. This site is directly adjacent to the National Natural Landmark Great Falls with approximately mile of waterfront along the Passaic River. It is the largest undeveloped property in Paterson, centered amidst a natural wonder, with high cliffs on both sides with the contrast of natural beauty and early ...Read More