Governor Christie's brother invested in real estate near new PATH station in Harrison

[hvactec]

Governor Christie’s brother, Todd Christie, and two business partners have bought and sold a handful of properties within walking distance of the PATH station in Harrison, slated for a $256 million renovation funded by the Port Authority and championed by the governor, records show.
Todd Christie
CHRIS PEDOTA / THE RECORD
Todd Christie

Todd Christie and his partners — one the owner of Ferreira Construction, a large firm that has done tens of millions of dollars of work for state agencies since Christie took office — created a company and began buying small residential lots in early 2011, about a year before the train station renovation was approved by the Port Authority.

The company built three homes on those lots in the first year and sold each of the improved properties — after the announcement of the station overhaul — for nearly triple the property’s original price. The company also demolished a home and sold the vacant lot to the school board in Harrison, where Todd Christie’s partners grew up and have worked in real estate for the past decade.

West Hudson Properties LLC owns at least two other parcels in the gritty Hudson County town that has seen its fortunes — and potentially its property values — rise with the promise of a modern commuter station that links to Manhattan.

The quarter-billion station renovation came into focus this week when The Record reported that Port Authority Chairman David Samson had private ties to the land around the Harrison station. As chairman of the bi-state agency, Samson voted to approve the Harrison station overhaul, months after a client of his law firm proposed converting a nearby warehouse into luxury apartments.

- See more at: Governor Christie's brother invested in real estate near new PATH station in Harrison : page all - NorthJersey.com

 

[CrusaderFrank]

Hillary Commodity Trading? Michelles Walmart fees? Terry McAuliffe? John Conyers and wife? Diane Feinstein hubby selling the US Post office? Mr Pelosi?

But Christie is totally fucked here

he's done

 

[RetiredGySgt]

Do you care about all the cronyism by Democratic Senators and Congresspersons in the US Congress? Didn't think so.

 

[berilgonzalvis]

Investing in real estate is one of the best thing you can do with your money. In current market scenario one should look forward to invest in affordable properties. My friend is an XXXXXXXrealtor Georgetown ky suggested me to invest my $250k in commercial real estate.

 

[FA_Q2]

And?

Are you claiming that the investment in the new station is because of the property? Is the station overhaul a bad move? Really, just posting that his brother bought some property in the area is rather irrelevant. The linked article even states that the plans have been in the works for a decade.