A May 22, 2006 njbiz article by Shankar P. discusses Newark’s proposed office and residential projects, including economic incentives, and how Mayor-elect Cory Booker may handle these proposals. Ted Zangari, Co-Chair of the Redevelopment Practice Group at Sills Cummis Epstein & Gross, predicted in the article that “He’s [Booker] going to have the city’s skyline teeming with construction cranes.” Zangari suggests that Booker “should emulate the success of Bret Schundler when he was mayor of Jersey City and dip into the financial-service industries in New York City,” and that “[l]ow-hanging fruit within the city may itself be enticing enough and not require incentives to jump-start development.” The article also discusses the revival of the Newark Real Estate Board (NREB) and reports that Zangari is writing a real estate position paper to Booker on behalf of the NREB. To read this entire article, please click here.
