Paulus Hook Goldman Sachs parking lot, waiting for new residential tower constructionSubmitted by mwc665324 t3_yxg1m6 in jerseycity
Ilanaspax t1_iwr1qt4 wrote
Reply to comment by down_up__left_right in Paulus Hook Goldman Sachs parking lot, waiting for new residential tower construction by mwc665324
Wow so I guess we didn't need those tax abatements handed out like candy back in the day to encourage development then if Jersey City was so enticing on its own?
moobycow t1_iwr4kvj wrote
Probably not, but then the prices of the existing stock would have had to gone up more before the projects penciled out.
Ilanaspax t1_iwr5ekq wrote
sure buddy
down_up__left_right t1_iwr65ev wrote
Generally no. Those are usually unneeded giveaways that exist because of corruption.
Those kinds of giveaway also exist in Manhattan and you can't accuse Manhattan of not being an in demand area.
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