Progress Report
NICE TO MEET YOU – Residents get neighborly at Jersey City’s Saffron. Ups and downs in residential real estate
Thrifty buyers return to slowly improving housing market

More than two years after the start of the recession and the crash of the financial firm Lehman Brothers – two events that helped trigger a national housing slump – the worst of the bust appears ...
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NEW MANAGEMENT – Meadowlands Hospital in Secaucus is awaiting state approval of its sale to a group of investors from Newark. The new owners claim it will remain open to the community as an acute care facility. Recovering through new financial plans
In Hudson County, hospitals relearn how to survive

Each of Hudson County’s six hospitals has made improvements in services and facilities in the last year, but they are still struggling to find ways to keep up with the tough economy and proposed ...
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WHOLE NEW VIADUCT - The reconstruction of the 14th Street Viaduct in Hoboken begins in early 2011. Getting around
New public transit projects, roads, bike paths coming

Even in slow economic times and with a new governor slashing spending, Hudson County is still seeing growth in the transportation sector. That’s due much in part to federal funding coming from Pr...
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DEVELOPERS ASK FOR ABATEMENT, COMPANY TO MOVE TO JC – Last month developers of Jersey City’s Newport Office Center VI asked for a revised tax abatement so that they convert two parking levels into office space for the Depository Trust and Clearing Corporation. The company wants to move to Jersey City in 2013 Business bounces back
Hudson County commercial development remains ‘relatively stable’

Commercial development in Hudson County is doing better than the national picture, as proximity to New York City is improving the occupancy rate of commercial buildings and shopping centers. Whil...
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JUST THE FAX – Rich Mendez and Nilsa M. Torres help customer Bo Li send a fax at Post Net in Jersey City. Li, who works in legal services, said he uses Post Net often for business. Microeconomics
Local residents are switching careers, running small businesses

Hudson County’s unemployment rate of 9.1 percent is the highest in two decades, according to County Executive Tom DeGise, but it’s still lower than the statewide rate of 10.1 percent. With a new ...
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HUB – Hudson County’s status as a hub for numerous low-cost methods of transportation has kept people moving here. Pictured, the Hudson-Bergen Light Rail train snakes through Jersey City, near the waterfront. Seeing ups and downs in an economic recession
News regarding hotels, businesses, and homebuying

While there’s little good news in today’s economy there are bright spots locally: young, frugal Manhattan workers are realizing they can get a better deal by moving to Hudson County’s new develop...
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TRUMP THAT – Trump Plaza in downtown Jersey City recently offered a 10 percent reduction on some units. In tight financial times, developers are doing everything they can to entice buyers. Housing in Hudson
In slow economy, smaller, better spaces lure buyers from across the river

While the housing market across the country is in a downturn and individuals are suffering from job losses and mortgage problems, recent articles and statistics show that home buyers and renters ...
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BE THEIR GUEST – The W, a luxury hotel that is set to open this month in Hoboken, is regarded as bright spot on a bleak economic landscape. Commercial developers navigate tough economy
Several companies move in as crisis continues

The commercial real estate market in Hudson County is doing better than most of the state, while the nation’s recession, housing crisis, and credit crunch continue. Cutbacks on Wall Street are ex...
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COMMERCIAL ZONE – Bergenline Avenue is a major artery for business in several Hudson County towns. Main Street and beyond
Local businesses find ways to stay afloat

Local Sen. Robert Menendez (D-NJ) recently announced that the $787 billion federal stimulus bill will mean jobs and tax cuts for New Jersey. This comes as good news to state residents and busines...
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MAKING PROGRESS IN A REGRESSIVE TIME – Hoboken University Medical Center on Willow Avenue in Hoboken is looking at a financial crisis that will lead to cutbacks and layoffs. Yet, the hospital has also seen some good news in the past year, such a five-star rating for its treatment of knee surgery patients. The prognosis for Hudson County hospitals
Some are in fair condition; others better due to various initiatives

While Hudson County’s six remaining hospitals have had their share of problems as a result of the economy and the failing state of insurance reimbursements, some are working on new initiatives to...
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SUMMER DAYS – During the warm summer months, hundreds of children play in the water fountains at Pier A in Hoboken. Fun in the sun (and indoors too)
Recreation programs, parks expand

Quite a few recreational facilities and parks were recently built or proposed in Hudson County communities. Most prominently, Pier C Park on Hoboken’s south waterfront is under construction; the ...
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NEW SCHOOL – Union City will open a brand new high school in September. School districts wait for budgets
New programs, building renovations on horizon

Due to the state’s budget being delayed, many schools throughout Hudson County have been held up in finalizing their own funds for the 2009-2010 school year. However, on March 10, Gov. Jon Corzin...
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