Gov. Corzine yesterday signed a law that earmarks $1.25 million for an economic-development project on the Camden waterfront and nearly $1.8 million for a new Rutgers University-Camden dormitory.
The $1.25 million is being directed to the Cooper's Ferry Development Association. The funding was originally allocated in 1996 for a project that fell through, said Tom Corcoran, president of Cooper's Ferry. This time, the money likely will be used for a commercial or office development, but the association has not decided, he said.
Rutgers-Camden has long talked of building a graduate-student dormitory. Its money will be distributed by the Camden County Improvement Authority.