Yeshiva

Since 2001, Lakewood Township has transferred 220 acres of public land near the Jersey Shore BlueClaws stadium at no cost to a development arm of Beth Medrash Govoha (BMG), a large Orthodox Jewish yeshiva. The entity, Cedarbridge Development, has resold the land to builders for nearly $70 million, while developers have saved over $8.6 million through local tax breaks (PILOTs) since 2018. A 2010 lawsuit challenging the deal as unconstitutional was dismissed. Constitutional experts say the arrangement may violate the state constitution's "gift clause" barring giveaways of public property without clear public benefit.

The New Jersey State Commission of Investigation is now examining similar municipal land deals involving PILOT tax breaks statewide, without confirming whether Lakewood is a specific target. The scrutiny comes as Lakewood faces a budget shortfall, a hiring freeze, and warnings of 2027 layoffs.