Submitted by bubandbob t3_z9rlvs in jerseycity
[deleted] t1_iykvy5z wrote
i thought they were building more apartments and demolishing this mall. no way that's happening now.
StrikeWave_ t1_iykx0ec wrote
Since when? Mall has been incredibly popular for a long time now, with tons of lunch spots and a movie theater
pixel_of_moral_decay t1_iyl7xkc wrote
That’s just the “master plan” from the city.
Real Estate companies dump potential ideas for their lots in there, so when they want to sell it’s easier to adjust zoning.
It’s now much harder for city council to object to a plan like that if it was proposed. If they attempted it would end up in court and the city would likely lose.
That makes the land way more valuable and more potential buyers.
This is how wealthy corporations make money.
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