[Indubitably]

"This is great news. Looks like the Mayor called their bluff! I wonder if it will now be taller than 50 floors as this comes back online."

I am one of the owners in this block and the project is stalled due to the actions of the mayor himself. He loves to pretend that he is a supporter, but in reality, Mayor Fulop used the owners like a political football every step of the way. All he really cares about is union member votes, period. He was the one that backed the ludicrous and extortionate union demands for 100% union labor on this project. That came very late in the game...right at the last possible moment before the deal closed and it completely derailed the project. Basically, Fulop threw a block of little old Filipino ladies under the bus for his own political benefit. That is the truth about Jersey City Mayor Fulop, and we were all very disappointed by him.

Keep in mind that we already had one local developer, Eyal Shuster, con one of the elderly owners out of their homes for a low price (they have now sued him)...then he proceeded to sue the city and Lennar. He lost all the cases and is going to get his home taken via condemnation...he's out of appeals now and cannot continue to greenmail us all. Eyal Shuster wanted literally five times what the other owners were getting in order to cooperate, and tried to play the victim in the press...what a complete liar this man is...an utterly despicable person in every way. Shuster will move along with the rest of the owners now, he has no choice unless he wants the home taken from him...the JCRA is ready to do that ASAP to get this project moving again.

It will now take a complete freeze in transactions and construction for the next mayor of JC to wake up...hopefully that will be our current City Council rep, with whom we have excellent relations. 5-6 major developers that are tracking this project and will jump on this as soon as conditions change. The owners will end up making a lot more for having been forced to wait, but that doesn't help the folks who have passed away during all the political wrangling, or those that would like to take their money and retire after living on the block for almost 50 years.