Let me guess, we’re going to pay for it.

From the Star Ledger:

It’s ‘The Hub,’ and Murphy swears it will help make us a tech magnet

It’s called “The Hub” — a redevelopment project in New Brunswick that Gov. Phil Murphy says will help realize his goal of making New Jersey a magnet for scientific and technological innovation.

Plus, he said, it will bring “lots” of new jobs to the state.

Murphy and a bevy of state, local, education, and business officials gathered Monday at Rutgers University to tout the long-planned 12-acre complex, which will mix residences, retail and research facilities.

The governor’s office referred to the project as a partnership between the state, private corporations, and Rutgers, New Jersey’s largest university.

Murphy stressed that it falls in line with his effort to “grow the darn economy” in the Garden State — especially what he calls the “innovation economy.”

The hope, he said, is “The Hub” will attract top talent and businesses in the science and tech industries, as well as start-up companies.

Murphy added this will also be an opportunity for Rutgers, which he said is already one of the nation’s best research schools, to reach “another level.”

Murphy said the project will be developed over “a couple of years,” and he was uncertain as to who will pay for it or how much it will cost.

This entry was posted in New Development, New Jersey Real Estate. Bookmark the permalink.

95 Responses to Let me guess, we’re going to pay for it.

  1. grim says:

    Innovative states are doing this today, it isn’t taking “a few years”, and sure-as-hell, public sector isn’t funding it.

    The fact that this gets so much hoopla, is that NJ is so anti-development, that the mere thought of building something new creates excitement.

  2. Hold my beer says:

    Wow. 12 acres will revitalize N.J. economy. Must be the most special 12 acres on the east coast.

  3. dentssdunnigan says:

    Hope and Hub …..

  4. The Original NJ ExPat says:

    Fab (from yesterday/earlier), re: the Weiner emails.

    There most certainly was something there. The “there there” was that McCabe, Comey, & company were about to be exposed for sitting on them for a month. Try to play that out in your mind. Really, really, try. What happens if Comey takes no action prior to the election? When the existence of those emails come out, guess who else is out? Comey, that’s who. There is absolutely no way that Trump or Clinton keep him on. You see that, right? Let’s say Comey sits on his hands and does nothing. It truly doesn’t matter whether it comes out before the election or after the election or who wins the election, Comey is automatically gone. Even if he had a Quid Pro Quo with Clinton and she saw an opportunity to kick him to the curb, she absolutely would have. If Trump wins by a cuticle width, Trump not only fires him, he announces that he is firing him on day one because he spoiled the landslide. There just is no way Comey has any chance of survival unless he gets out ahead of it. I think that is logical thinking that everyone should be on board with.

    Now here is where I’ll depart with my conjecture, and it is only mine. When Trump wins all kinds of machinations start to happen. Whether Obama finds out then or he already knew, I have no idea. But…from election day until inauguration day there are a whole bunch of Obama higher-ups from all over the swamp who know at least a part of what happened. Everyone except Trump, that is.

    “Here is where your argument falls apart. Comney reopened the investigation. You can argue all you want about the Who What Where, Why it was reopened, but the end result was that there was nothing there. Wieners emails resulted in nothing.”

  5. The Original NJ ExPat says:

    Clinton colluded with foreign agents who colluded with Russians and there is $12 million dollars of payments involved from Clinton and the DNC to pay for it. That is absolute and verified fact…now. But roll back to the day after the election. Now how do all of the evil-doers get in front of that? There is only one Hail Mary play left. Trump colluded with the Russians. It was Trump. Trump and the Russians. Russians, Russians, Russians. They stole the election. Trump is a Putin puppet!! A puppet!, a Puppet!, A PUPPET, A BONA FIDE PUTIN PUPPETSKI!!

    Now, if the day after the election it became publicly known that Clinton spent $12 million to collude with the Russians, what would have happened?

    It’s the biggest Hail Mary frame-up attempt ever.

  6. The Original NJ ExPat says:

    More important than Xanadu?

    Wow. 12 acres will revitalize N.J. economy. Must be the most special 12 acres on the east coast.

  7. Yo! says:

    Grim, agree public financing of some sort will be part of the hub. Ideally J&J will take the entire site (acquired and demolished and donated by the government) and rebuild street level retail with parking and office above. Downtown New Brunswick has changed for the better during past 20 years, helped by Devco public private partnerships, so the odds of a boondoggle are lower than say a minor league baseball stadium in Newark or Camden. One impediment is research and tech companies don’t want grow in central New Jersey. Prefer New York City, Boston, California, and Seattle. Finding tenants will be a challenge.

  8. The Original NJ ExPat says:

    BTW, did anybody notice the virtual JJ spotting I posted last night? He is alive and well in Bethesda, MD and essentially told us so around Christmas 2016. He doesn’t seem to have sold his house in Long Island yet though. Maybe a divorce?

  9. Hold my beer says:

    What is the crack pipe/needle per acre ratio in central jersey?

  10. Hold my beer says:

    Expat

    I thought one of those posts claimed he was a trump appointee. If so maybe he is not allowed to post on forums?

  11. Very Stable Genius says:

    @tonyschwartz

    I have believed since his appointment that Robert Mueller will make a deeply damning and incontrovertible criminal case against Trump.
    My growing fear is that it won’t prevent Trump from staying in office— and that democracy as we’ve known it may not survive.

  12. The Original NJ ExPat says:

    He’s not a Trump appointee, but he has a quasi-government job.

    Expat

    I thought one of those posts claimed he was a trump appointee. If so maybe he is not allowed to post on forums?

  13. The Original NJ ExPat says:

    I wonder if JJ caught heat from posting at his old job, doesn’t want to get burned twice?

    Although it looks on paper like his (linked in)job history is continuous, he did receive a “Masters Certificate in Business Essentials” during 2016, preceding his new employment in 2017. Since he already has an MBA my thinking is that Certificate is something like a program that job seekers get themselves into, particularly when they are on severance pay, when they are in between jobs so it looks like they are deliberately unemployed to while achieving an advanced degree.

  14. The Original NJ ExPat says:

    JJ’s probably doing what he advised someone here to do once. I think he said you can earn a government pension and lifetime health insurance after 10 years. He’s almost old enough to withdraw from his 401K, so even the salary doesn’t matter much if you are racking up lifetime benefits in a (relatively) short time.

  15. Very Stable Genius says:

    @WSJ

    ‘We’re used to operating through different vehicles, in the shadows,’ Cambridge Analytica CEO Alexander Nix told an undercover reporter.
    ‘I look forward to building a very long-term and secretive relationship with you.’

  16. Very Stable Genius says:

    @kylegriffin1

    Cambridge Analytica whistleblower Christopher Wylie says the company tested Trump slogans such as “drain the swamp” and “deep state” as early as 2014, before Trump announced a presidential run.

  17. Very Stable Genius says:

    @ReutersBiz

    Facebook lost more than $35 billion of its value on Monday after reports of data misappropriation by Cambridge Analytica

  18. grim says:

    Newsflash.

    Politics is dirty.

  19. The Original NJ ExPat says:

    I think all sides have a story chambered, ready to fire on command for distraction on the heels of any story they don’t like. I think the Democrats are better at it, though. Well, since the media is an arm of the DNC, I guess that makes sense.

    Politics is dirty.

  20. The Original NJ ExPat says:

    Shooting at Maryland High School, supposedly contained, but who still believes CNN?

  21. Juice Box says:

    re “The HUB”

    More wishful thinking about Newark and Amazon. All this on the proposed tax increases by Sweeny for businesses?

    “Real estate, business professionals and government leaders were roundly upbeat in discussing Newark’s economy during a confab staged by the Newark Regional Business Partnership Monday at the Best Western Robert Treat Hotel.

    Newark Regional Business Partnership’s Chief Operating Officer and Executive Vice President, Barbara Kauffman, said Newark’s being short-listed for Amazon’s headquarters has been a game-changer.

    “A lot of partners in the real estate world and businesses made that happen,” Kauffman said. “At no point in my recollection has the spirit been higher than it is now. It is a good time to be in Newark. Nothing happens without great leadership.”

    http://www.njbiz.com/article/20180319/NJBIZ01/180319842/newarks-stock-is-rising-execs-on-newarks-economy-amazon-chances?utm_source=NJBIZ+Daily&utm_medium=Email&utm_term=http%3a%2f%2fwww.njbiz.com%2farticle%2f20180319%2fNJBIZ01%2f180319842%2fnewarks-stock-is-rising-execs-on-newarks-economy-amazon-chances&utm_campaign=The+Daily%3a+Murphy+pledges+4+million-sq.-ft.+innovation+center+in+New+Brunswick

  22. Juice Box says:

    re: Facebook data breach.

    The knew for years and did not disclose.

    http://fortune.com/2018/03/19/facebook-christopher-wylie-cambridge-analytica/

  23. grim says:

    I don’t believe the whistleblower.

    He has pink hair.

    No conservative would do business with someone with pink hair.

  24. 3b says:

    No way Amazon goes to Newark.

  25. The Original NJ ExPat says:

    We certainly have some pretty crappy precious metals trends to go with all of this inflation that is supposedly coming down the pike, no?

  26. Blue Ribbon Teacher says:

    am I supposed to be outraged by ads/articles that appear on facebook because someone accessed their data?

  27. The Original NJ ExPat says:

    A good salesman would say, “Our data clearly shows that you have been losing elections because you have completely lost touch with what matters most to the pink hair crowd. Let me show you…”

    No conservative would do business with someone with pink hair.

  28. The Original NJ ExPat says:

    I’m outraged at the American public because I read somewhere that that’s where they are getting their news!

    am I supposed to be outraged by ads/articles that appear on facebook because someone accessed their data?

  29. The Original NJ ExPat says:

    The large point here is that this is just a hyped up, as CNN’s Van Jones would say, giant nothing burger, just like Russian (Trump) collusion. People are largely morons, so you have to play to the morons.

    Someone supposedly said to Adlai Stevenson, “Every thinking American is behind you Mr. Stevenson!”. To which Stevenson astutely replied, “Thank you, but I’ll need more than that if I am going to win a majority vote.”

    Open Borders = Fresh, new crop of morons.

    am I supposed to be outraged by ads/articles that appear on facebook because someone accessed their data?

  30. Ex-Jersey says:

    Facebook has deep ties to Russian oligarchs. Just like DJT….

  31. joyce says:

    The old posts you copied/pasted said he was commuting back n forth each week.

    The Original NJ ExPat says:
    March 20, 2018 at 7:59 am
    BTW, did anybody notice the virtual JJ spotting I posted last night? He is alive and well in Bethesda, MD and essentially told us so around Christmas 2016. He doesn’t seem to have sold his house in Long Island yet though. Maybe a divorce?

  32. The Original NJ ExPat says:

    LOL. I just thought of the best political jiu jitsu move ever!!!

    Here it is:

    Step one: GOP figures out how to win the illegal Mexican vote.
    Step two: Watch the Democrats build a wall!

    Maybe that’s why Democrats don’t have anything to say about DACA anymore?

  33. The Original NJ ExPat says:

    …for a few months. Maybe JJ meant to say years?

    The old posts you copied/pasted said he was commuting back n forth each week.

  34. The Original NJ ExPat says:

    I will be living in a furnished apt up there Monday through Friday doing commute back to NY so semi single next few months. Cant wait till hit up those young PAC girls looking for donors,

  35. The Original NJ ExPat says:

    Anybody like Ag at $16?

  36. The Original NJ ExPat says:

    DJT is a Russian Oligarch. I just saw it on CNN.

    Facebook has deep ties to Russian oligarchs. Just like DJT….

  37. The Original NJ ExPat says:

    My oldest daughter is finishing up year 3 at Boston Latin (that’s sophomore in the common tongue, at BLS you start at year 6 and finish at year 1). She received a postcard espousing the benefits of attending college at FIU yesterday. They didn’t mention their Civil Engineering program. I imagine it is coincidence, but it would make a lot of sense for FIU to do an especially big recruiting program this year, right?

  38. The Original NJ ExPat says:

    Here’s how CNN would report today’s news if they were a financial news channel:

    Dow Up for the THIRD time in FOUR days!

  39. Libturd says:

    “democracy as we’ve known it may not survive.”

    The oft repeated and absolute proof of the mental illness in the unhinged that could contrive such an over the top absurd rallying cry.

    I thought he wouldn’t survive three months. Then one year. Then two terms.

  40. The Original NJ ExPat says:

    Lib – I almost commented on that ridiculousness, but I’m already thought of as such a homer (truth be known, I want every incumbent catapulted out of government, both sides of the aisle, every election).

    Getting back to the below ridiculous statement it was so cart before the horse. The unhinged like to pretend,

    “He did something so terribly wrong and criminal, that’s why we need to get rid of him!”

    The reality is, and I believe this, they are just so f.ucking deranged and unhinged that on sodium pentathol they would freely admit the opposite,

    “We need to get rid of him because I know he will do something wrong and criminal”

    They can’t even see who they’ve become:
    “Show me the man, I’ll find you the crime.”

    “democracy as we’ve known it may not survive.”

    The oft repeated and absolute proof of the mental illness in the unhinged that could contrive such an over the top absurd rallying cry.

    I thought he wouldn’t survive three months. Then one year. Then two terms.

  41. The Original NJ ExPat says:

    How about President Maxine Waters? That would check all of the boxes showing America is not racist, not sexist, not ageist, not IQist.

  42. The Original NJ ExPat says:

    Maxine Waters has to be the most qualified person in government to be POTUS, right? She must know more about how to run a successful economy than anyone else or she wouldn’t be smart enough to live in a $4.5 million mansion on a government salary.

  43. The Original NJ ExPat says:

    Newsflash:

    James Comey, author of the best seller A Higher Loyalty: Truth, Lies, and Leadership just signed a 7 figure deal to be the new spokesperson for Hebrew National Beef Franks.

  44. The Original NJ ExPat says:

    For our younger audience that doesn’t get the above:

    https://www.youtube.com/watch?v=UvsthRP1pjs

  45. The Original NJ ExPat says:

    Uh-oh. I’m on a Pumpkin Roll. Maybe I’ll have Sushi for lunch.

  46. Ex-Jersey says:

    You can laugh all you want but you are quickly becoming as comedic in your protests as the left are in theirs.

  47. Ex-Jersey says:

    BTW I would highly recommend a year sabbatical to anyone on the board. It’s really worthwhile and super healthy. Aside from trolling this board for Laffs I actually get outside occasionally, Happy Spring!

  48. Ex-Jersey says:

    I see Facebook as a window to the world. At least the world in flyover Country that I left behind. I love those people, but it is easy to forget how bleak some of those lives and quite possibly ‘your’ life might really be. 8 years of Obama really affected people. I love how effective the dog whistle was on the rubes. It gives hope to every other grifter on the planet…..

  49. The Original NJ ExPat says:

    Yep. ^^^You will be the most happy in one of the parentheses states (CA or NY) where you can pretend you are not only smart, correct, but also a thought leader. You may actually be a thought leader. The problem is mainstream agreement on your worldview decays exponentially 200 miles out and…who gives a sh1t about those people? It’s not like you need food or protection or anything.

    (I usually only to this to Pumps, but you have earned it):
    Hahahahahahahahahahahahhahahahahahahha!

  50. Blue Ribbon Teacher says:

    Apparently there is some sort of gun situation at Panera in Princeton. I was literally there with my kids yesterday morning.

  51. The Original NJ ExPat says:

    FYI – Own a lot of tech (no FANGS), added to long time positions in NVDA and ADBE yesterday. I’m a Tech seller today, but I’m selling the big names, not my smaller winners. I even sold V today, and I’ve owned/added to that forever.

  52. Blue Ribbon Teacher says:

    Anybody like Ag at $16?

    I like it at any price under $20. But I spent so much accumulating it from 8 to 16 on the previous run that I should be buying other things.

  53. The Original NJ ExPat says:

    Planting weapons Corleone style in the toilet tank(s)?

    Apparently there is some sort of gun situation at Panera in Princeton. I was literally there with my kids yesterday morning.

  54. The Original NJ ExPat says:

    I am so hilarious today that I need to establish a pay site;-)

  55. The Original NJ ExPat says:

    That would be the 8 to FIFTY run?? I admit I bought quite a few Treasury tubes above $30. It doesn’t make me stupid. Wait a minute. Yes it does. ;-)

    I like it at any price under $20. But I spent so much accumulating it from 8 to 16 on the previous run that I should be buying other things.

  56. chicagofinance says:

    FB breaches 50MA but boing……. now what?

  57. chicagofinance says:

    I love the smell of an ORCL miss and soggy forecast near the end of a calendar quarter.

    It smells like victory.

  58. Ex-Jersey says:

    11:44 thanks, that was eloquently incoherent.

  59. The Original NJ ExPat says:

    Drive West and enlightenment is yours, grasshopper.

    11:44 thanks, that was eloquently incoherent.

  60. The Original NJ ExPat says:

    I guess East for you, but your sense of direction is way off due to smoke inhalation.

  61. The Original NJ ExPat says:

    chifi – I’m a seller because I think we’ll see somewhere around 2680 before the next bounce. Neutral right now, not bearish. I asked your advice yesterday to no reply, but I think MSCC is probably one of your best “bonds” right now.

  62. The Original NJ ExPat says:

    Whoops! That one’s on me. I just double-checked yesterday and saw your reply. Thanks.

  63. Nomad says:

    Lib, thanks for the auto repair info yesterday.

  64. The Original NJ ExPat says:

    I just had a decadent sandwich for lunch. Combination of sweet and hot Italian sausage with fresh bell peppers (red, yellow, and green) and sweet onion (all drenched in olive oil first), all made on an outdoor grill.

    Here comes the decadent part: Served on a long soft roll, half toasted with…wait for it…sliced Havarti cheese…and…thin-sliced pepperoni.

    I’m pretty sure there would be a law against that sandwich in California.

  65. The Original NJ ExPat says:

    ^^^ I only learned about it because I personally know Trump’s breakfast chef at the White House;-)

  66. The Original NJ ExPat says:

    almost forgot. A little bit of home made tomato sauce too.

  67. Libturd says:

    No one would buy it in California. They don’t eat there. They only look at what they order and then feed it to their dogs.

  68. The Original NJ ExPat says:

    What conversation looked like before “talking points” were invented:

    https://www.youtube.com/watch?v=IbJorYK6QuQ

  69. grim says:

    Hold on, the things they are building at Xanadu – Rollercoasters?

    Holy shit, the thing is a fucking cancer.

  70. Libturd says:

    You obviously haven’t been to the Mall Of America. You know. Where more people go than to Disney World and Disney Land combined?

    There is a full scale amusement park in the middle of the mall.

    The Edmonton mega mall has a waterpark.

    I marvel at how it keeps expanding every time I drive past.

  71. Juice Box says:

    Grim – “Indoor Nickelodeon Universe Park”

    Works very well for them already in the Mall of America.

  72. Juice Box says:

    Best time to visit the Mall of America is during the Christmas rush. There is always some fun tension between the Mall Security and the Native Americans who regularly protest the white man taking their land, they protest inside the mall during the busy selling season as some christian rock group is busy singing carols nearby. Any other time you can find some excitement with the occasional knife fight between the ISIS-inspired Somalis and the MS-13 gang members usually over some stupid beef about who has better kicks.

  73. Yo! says:

    I don’t see how American Dream covers its debt service of roughly $200 million per year. The project would need to generate 2 to 3 times the rent revenue as Mall of America, a property that has been in business for 20 years and is a proven success.

    Then again, I didn’t think Triple Five would raise this financing last summer.

  74. Ex-Jersey says:

    1:57 — It’s the fast food capital of the World. Da-FuQ. The sushi is crap though….just sayin.

  75. Ex-Jersey says:

    Ex Pat i got a great sense of smell, the wife…? no.. Definitely for the best.
    Yeah man, I was enlightened at an early age — then pharmaceuticals praise Jesus saved my life…..at least financially.

  76. Ex-Jersey says:

    Now I sit around all day wondering how i can make 80’s Euro Pop cool again…..

  77. Ex-Jersey says:

    12:41 Empty Office in a strip mall just off the PCH at Zuma. ORACLE still on the facade. I wanna be the guy that opened that one though…..ORCL have been a cash machine for 20 years. Larry has plenty.

  78. 3b says:

    Looks like this storm is going to be big!

  79. Lurking home upgrader says:

    Looking for contact details of the “uber” inspector. I think that’s what he was called. Do they come to Bergen County? Worthwhile in your opinion? Too bad this blog doesn’t have search feature (that I’m aware of). Happy to look myself if someone can instruct me how.

  80. Very Stable Genius says:

    @jimrutenberg

    EXCLUSIVE/BREAKING:

    Former Playboy model Karen McDougal sues to get out of “catch and kill” deal with National Enquirer parent Co. silencing her story of affair with Trump

  81. Very Stable Genius says:

    @ShaunKing

    I’m endorsing @CynthiaNixon to be the next Governor of New York.

    Her values & priorities match my own. She’s standing up for ALL of New York & will work hard to make New York fair for all.

    Most of all, she has made ending mass incarceration here a top priority. I believe her.

  82. Murdoch isAclosetCommie says:

    Grim please release

  83. Libturd sporting Tiger Wood says:

    Is Shaun King related to Burger King?

  84. Blue Ribbon Teacher says:

    Much respect to the officer that successfully engaged the shooter in Maryland today. He probably saved a lot of lives.

  85. Fabius Maximus says:

    “Try to play that out in your mind. Really, really, try. ”

    So your complaint is that they sat on an investigation that when it did happen, came up with nothing as expected.

  86. Fabius Maximus says:

    On a side note, I didn’t think you could get anymore weird or creepy after your posts a few months back. But your cyber stalking of JJ, proves me wrong.

  87. Phoenix says:

    BRT,
    No way to know if he saved a lot of lives or not. For all we know he might have stopped with just the two victims.

  88. The Original NJ ExPat says:

    10:39 – Fab – I don’t know how to type any slower so you can understand better. It doesn’t matter what the value was of the Weiner laptop emails. The only thing that mattered was that they existed. They existed. And someone was going to proclaim that they existed. My premise is that Comey was done if he wasn’t the one who proclaimed they existed, and he had to do it before the election.

    Imagine the past any way that floats your boat. Comey keeps quiet, Hillary wins. I don’t know that she would have, but just so we can keep your mind focused on a pleasurable experience, let’s say Comey kept quiet and Hillary won. Let’s go a step further and say that EVERYONE keeps quiet about it and Hillary still wins. Am I keeping you focused by getting your dopamine production up? When it comes out that the Weiner emails existed, Comey loses. That’s it. That’s the whole premise.

    Comey loses everything if he doesn’t divulge the existence of the emails, based on the assumption that they couldn’t be covered up forever. It was his only play.

    So your complaint is that they sat on an investigation that when it did happen, came up with nothing as expected.

  89. The Original NJ ExPat says:

    As it turns out, Comey loses everything anyway, which is how it should be.

  90. The Original NJ ExPat says:

    Maybe even more calculating, Comey works it out in his mind this way. I tell about the emails late, then clear Clinton a few days later. If she wins, it gets harder for her to kick him to the curb, because he was just being “Honest Jim”. If Trump wins, then he is Trump’s buddy. If they didn’t pursue this whole Russian collusion farce he’d probably still be Trump’s buddy.

  91. The Original NJ ExPat says:

    BTW, is Huma Abedin still alive?

  92. The Original NJ ExPat says:

    LOL! Did we all miss this? Have to maintain spousal privilege I guess.

    https://pagesix.com/2018/01/10/huma-abedin-and-anthony-weiner-call-off-divorce/

  93. dentss dunnigan says:

    She’s still married to Anthony so she dosen’t have to testify against him and he against her …..

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