Under the McGreevey Administration in 2004, the state rejected a similar offer to preserve the island, which is home to a pair of nesting bald eagles. Details of the new agreement have not been disclosed, but previously Citgo offered to clean up pollution on the island off Pennsauken and donate money for its maintenance.
A developer had plans to put up a golf course, homes and a conference center on the island, but has since abandoned the idea.