Thursday, July 30, 2009

On the Waterfront: Real Estate and Corruption

The waterfront of Jersey City -- the area along the Hudson River -- has been the venue during the last decade for real estate developments worth many billions of dollars. This area now hosts, for example, the most expensive golf course in America and the largest mixed-use (residential and commercial) development in America.

Corrupt government officials in New Jersey may have been content to accept small bribes, but their decisions about real estate development in New Jersey affected investment and development decisions worth billions.

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