The 420 condo units at 77 Hudson will have to do without special tax abatements the owner of the property, K. Hovnanian was seeking in Superior Court. Judge Mark Baber dismissed Hovnanian's suit brought against Jersey City which sought the same deal Crystal Point was offered which is an upping of tax abated years from 20 to 30.
These tax abatements (and mea culpa, Johnny has one) seemingly were given out along the waterfront like Johnny Appleseed was giving them away. While the abatements have helped in some cases to fill downtown buildings with residents and businesses, it does make one wonder how Crystal Point got their tax abatement raised from 20 to 30 years and 77 Hudson can't.
One wonders if the tax abatements near the Hudson River in Jersey City didn't start drying up about the same time the huge graft arrests happened last year and so many in the Jersey City government decided it was time to keep a closer eye on taxpayer monies.
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