mbstor23 t1_iv84eac wrote
Reply to comment by mooseLimbsCatLicks in Court rejects bid to overturn Jersey City plan to designate area of Downtown for redevelopment by Ajkrouse
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.
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