Keep an eye on Passaic in the new year. Big redevelopment opportunities may be coming.

This week, the city council introduced a redevelopment plan and $1.6 million bond ordinance to buy a stretch of railroad track between Pulaski Park and Dundee Island Park, which broke ground last month on a re-design that calls for a new soccer field, playground, garden, amphiteater, and river walk.

The plan proposed for the 2.7-acre plot, which would connect the two parks, calls for up to 265 housing units, with an estimated 10 to 15 percent of the units being used for low- or moderate-income housing. There will also be retail space, as the mayor hopes to lure new businesses to a neighborhood that is known as a high crime area.

A public hearing on the bond ordinance and the redevelopment plan will be held on Jan. 7.