Allows certain redevelopers to be exempt from inactive alcoholic beverage licenses restriction.

This bill exempts certain alcoholic beverage licenses from expiration rules when tied to qualifying redevelopment projects. It allows licenses held by developers, redevelopers, or their tenants to remain active if the license is intended for a premises in a redevelopment area covering at least 250,000 square feet with approved site plans. The exemption prevents licenses from expiring after two inactive terms during long-term redevelopment projects, which can take years to complete. This directly affects businesses and developers working on large-scale revitalization areas in New Jersey.