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Jersey City fighting $2.7M court award over Journal Square property
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Jersey City fighting $2.7M court award over Journal Square property

By Terrence T. McDonald | The Jersey Journal
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on March 07, 2017 at 3:47 PM, updated March 07, 2017 at 4:21 PM

JERSEY CITY -- Jersey City is appealing a judge's decision from October that ordered the city to hand over $2.7 million to the former owners of a Journal Square property later purchased by Jared Kushner.

Hudson County Superior Court Judge Mary K. Costello's order stemmed from a lawsuit filed in July 2015 by three LLCs representing Maryland-based pension trust MEPT, the former owners of the lot. MEPT planned to build two towers on the property, a still-vacant lot across the street from the old headquarters of The Jersey Journal, and gave the city $2.7 million in 2009 after receiving two 30-year tax breaks.

http://www.nj.com/hudson/index.ssf/20 ... ard_granted_by_judge.html


Posted on: 3/7 20:47
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