Township of Holmdel v. New Jersey Highway Authority

The PNC Bank Arts Center (Arts Center), a facility originally owned by the New Jersey Highway Authority and now owned by *103its statutory successor agency the New Jersey Turnpike Authority (Authority),1 consists of two major parts: a performance amphitheater and a reception center.2 Each of the amphitheater and the reception center is operated by a private entity under contract with the Authority. Starting with the 1996 tax year, the Township of Holmdel (Holmdel), where the Arts Center is located, sought to impose real estate tax liability on the entire Arts Center. It is that effort, placed in…