Comments
oldnewspaperguy2 t1_iv6sx4y wrote
They were going to get a huge chunk of change that they all voted to receive plus downtown was set to receive a free school. But yea. Thank you Shuster.
mbstor23 t1_iv84eac wrote
He wasn’t even a homeowner. He was a property speculator.
objectimpermanence t1_iv88b4j wrote
Shuster actually did buy a house there. I looked him up in the county’s online property tax records when this debacle started and saw that he had bought a house there pretty recently.
But I really doubt he ever lived there. He and wife have owned a massive, ultra luxurious house in Paulus Hook for a number of years.
He most likely bought the Saddlewood Court house as a legal bargaining chip he could use in his attempt to thwart a competing developer’s redevelopment plans.
A few years back, Shuster himself was in the process of buying out homeowners so he could redevelop the site. Then Lennar came in and outmaneuvered him and managed to get the city to award the redevelopment deal to Lennar instead of Shuster.
This story helps explain Shuster’s motivations.
mbstor23 t1_iv88lnt wrote
Exactly. He didn’t buy in to be a homeowner. He bought in to be a property speculator. Every other real homeowner there wanted this development to proceed.
objectimpermanence t1_iv893xr wrote
Oh agreed. I just thought you were using the word “homeowner” in a different way.
mooseLimbsCatLicks t1_iv8kn7k wrote
Technically if he bought it he’s a homeowner. But it’s not like he lives there.
keepseeing444 t1_iv4cjv6 wrote
That asshole Ayal Shuster wasting our tax dollars w litigation bc he couldn’t get his way. Fuck him and his overpriced buildings with shady management.
Vertigo963 t1_iv4n3qw wrote
Interesting to hear that cinderblock walls and undersized lots, which probably describe 85% of the houses in Hudson county, are signs of urban blight. I guess the expectation is that everyone should buy brownstones with their trust fund money.
Ezl t1_iv5lqzi wrote
Iirc the people who live there were actually down with the buyout deal so will be glad to have it go through.
It was awhile ago though so (anyone) correct me if I’m wrong here,
Knobbies4Ever t1_iv5s3i4 wrote
You are correct. My understanding is that this development was poorly built in the first place, so the current owners would be facing big repair / reconstruction bills if they wanted to stay & keep things as-is. It's a big win for them.
DirectorBeneficial48 t1_iv3ywf5 wrote
How much you wanna bet that "school that may be part of the development" never happens
Miringanes t1_iv76yuj wrote
It’ll likely happen. The developer will get a pretty decent variance or monetary incentive for providing the school and park.
[deleted] t1_iv4gl3o wrote
[deleted]
jasonleeobrien t1_iv4n28y wrote
LUXURY DOMAIN
mbstor23 t1_iv84kct wrote
LUxURY still priced out of Hudson County and living in Mom’s basement despite years of trolling. 😂
jasonleeobrien t1_iv8u7og wrote
…?
Edit: I actually still have no idea what that comment meant.
mooseLimbsCatLicks t1_iv3xshx wrote
Good. The lone homeowner against it was another huge developer who was just sabotaging the deal. The existing homeowners will get a huge chunk of change when whatever next plan comes to fruition.