Re: Developers at odds over future of Jersey City neighborhood
Posted by brewster on 2018/7/11 12:24:10
Maybe the local owners wanted to see the results from the multi year delayed reval? Or maybe they wanted to see if any infrastructure improvements would take place (like extending Jersey Ave, or fixing Grand St, or improving sewerage?)
Or maybe they wanted to do nothing, sit back and watch their values soar with low taxes on undeveloped property. The land has been appreciating far faster than improvements. I get doing nothing, I do it very well myself, but that isn't what they agreed to over a decade ago.
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