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.”
