In 2016, the Passaic County Board of Chosen Freeholders entered into a cooperative agreement with the City of Passaic and the Trust for Public Land to begin Phase 1 of the Passaic Riverfront Park Improvement Project. This $10 million endeavor seeks to revitalize the scenic beauty of the park, while simultaneously creating positive economic impacts.
In May 2014, Together North Jersey released a local demonstration project titled the Passaic Eastside Transit-Oriented Development Strategy, which among other initiatives, highlighted the economic impacts of creating access to the river for redevelopment and sustainability purposes in the East Side of Passaic where the park is located. This was one of the driving reasons for the investment. In 2017, schematics for the park design were presented to members of the public to acquire feedback on local community needs. Passaic City is small but populous, leaving few options for open green space. The Passaic Riverfront Park, once complete will provide residents a beautiful park for generations to come.