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Tearing down a fortress in Newark to make way for a new beginning | Jordan on Business
Updated Apr 12, 7:02 AM;
Posted Apr 11, 3:19 PM
John Saraceno, CEO, Onyx Equities, Gateway Center, Newark, NJ. 3/2/2021Steve Hockstein | For NJ Advance Media
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Newark has struggled to overcome decades of bad urban planning decisions that destroyed whole neighborhoods and wiped out commercial activity. Fixing those bad choices has been a focal point over the years to rejuvenate New Jersey’s largest city.
None of those bad ideas was worse than the construction of the fortress-style downtown Gateway Center office towers. Started a few years after the 1967 Newark riots, the four buildings are connected to Newark Penn Station and one another by skywalks designed to keep office workers off the streets below. The lack of street-level entrances discouraged outsiders from entry and parking decks walled off access to the waterfront.
Press Releases
Over 100 New Jersey Leaders Come Out in Support of Economic Recovery and Tax Incentives Reform Legislation December 21, 2020, 11:56 am | in
Over 100 New Jersey Leaders Come Out in Support of Economic Recovery and Tax Incentives Reform Legislation
12/20/2020
TRENTON – Over 100 leaders in government, the private sector, and labor from across the state expressed their support for the New Jersey Economic Recovery Act of 2020, which will be voted on in the Legislature on Monday:
GOVERNOR MURPHY AND LEGISLATORS
“We are proud to announce that we have reached an agreement on a comprehensive economic recovery package that will support small businesses, drive sustainable economic growth, and reform our tax incentives system. This plan will specifically target historically underserved communities that have also been disproportionately impacted by COVID-19 with tailored programs to combat food deserts, spur brownfields redevelopment, and suppor
Press Releases
Ahead of Senate and Assembly Committee Hearings, New Jersey Leaders Applaud Economic Recovery and Tax Incentives Reform Legislation December 17, 2020, 11:10 pm | in
Ahead of Senate and Assembly Committee Hearings, New Jersey Leaders Applaud Economic Recovery and Tax Incentives Reform Legislation
12/17/2020
“This long-awaited incentive reform package will offer valuable support to the state’s entrepreneurial and innovation ecosystem. It is both comprehensive and sufficiently funded to help attract and retain more companies,”
said James Barrood, Advisor at Tech Council Ventures. “The investor community is pleased to see Evergreen funding and increases in the state’s popular angel credit and NOL programs. I am also encouraged by the Main Street Recovery programs and the additional funds supporting minority businesses. Our small business community, especially our minority-owned businesses, have been battered by this brutal pandem