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Jared Kushner and his real estate partners wanted to take advantage of a federal program in 2015 that would save them millions of dollars as they built an opulent, 50-story residential tower in this city’s booming waterfront district, just across the Hudson River from Lower Manhattan.
There was just one problem: The program was designed to benefit projects in poor, job-starved areas.
So the project’s consultants got creative, records show.
— The Washington Post
Basically, the tactic is gerrymandering for real estate. Kushner and co. worked with state officials to demarcate the area around the site, 65 Bay Street in Jersey City, as including some of the city's poorest neighborhoods rather than the wealthy neighborhoods just blocks away. So the project... View full entry
