In the News

Waiting for Cory Booker


May 22, 2006

This 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. According to Ted Zangari, Chair of Sills Cummis Epstein & Gross's Redevelopment Practice Group, "He's [Booker] going to have the city's skyline teeming with construction cranes. He 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." Zangari continues, "Low-hanging fruit within the city may itself be enticing enough and not require incentives to jump-start development." The revival of the Newark Real Estate Board is also discussed in this article. According to Zangari, who is writing a Newark real estate position paper, "It's [Newark Real Estate Board] going to be neutral and not be Cory Booker's cheerleader."