Paterson New Jersey is in the News.
In keeping with producing clean energy to rebuild the economy as supported by President Obama, the hyroelectric plant below the Great Falls of Paterson, will soon be fitted with solar panels to increase its energy efficiency.
The cost of the panels will be paid with a 1.3 million dollar block. A portion of this money will also be used to install turbines along the industrial raceway leading to the Falls, to generate even more electricity.
Paterson once known as the Silk City is conveniently located within minutes of Manhattan and to major highways such as route 80, 46, 4, 17 and the GS Parkway. Although it is in Passaic County, Paterson also borders with Bergen County specifically Fair Lawn NJ.
The city of Paterson is atractive to those that seek income producing properties. There are many commercial and industrial areas. Recently Lowes and Home Depot have located to one of Paterson's commercial areas. If you are considering purchasing in Paterson contact a local realtor today.
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