Establishes Capital Project Development Loan Program to support certain large-scale redevelopment projects; appropriates $300 million.

S 234 establishes a low-interest loan program through New Jersey's Economic Development Authority (EDA) to fund large-scale redevelopment projects. It directly affects public institutions (like universities and state hospitals), public agencies, non-profits, and private entities partnering with government through approved public-private agreements. The program provides up to $300 million in loans for "transformative capital projects" focused on research, healthcare infrastructure, green initiatives, or major real estate development, with loans maturing within 30 years at rates below commercial standards. The EDA will administer the program, requiring applicants to demonstrate project alignment with public benefit goals and eligibility criteria.