This bill mandates that any State department or agency currently located at 300 or 400 Riverview Plaza in Trenton must relocate to new suitable locations within the city as soon as reasonably possible. The agencies are required to pursue legal means to terminate their leases for these properties and work with landlords to quickly fill any resulting vacancies. The relocation is intended to enhance the redevelopment potential of the Riverview Plaza area, which is seen as a prime real estate opportunity due to its central location and access to the Delaware River.

Additionally, the bill tasks the New Jersey Economic Development Authority (EDA) with actively promoting the redevelopment of the Delaware River waterfront in Trenton. The EDA is directed to attract private entities to occupy the office spaces vacated by the State agencies and is required to prioritize these entities for eligibility in its business assistance programs. Furthermore, the EDA is authorized to modify existing programs to provide enhanced incentives for businesses that move into the vacated spaces and can request assistance from other State departments to fulfill its responsibilities under this legislation.