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Your vote still doesn't count

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Montclair mixed-use gets LEED Silver

By Elana Knopp
June 15, 2018 08:06 AM

The Montclarion at Bay Street Station mixed-use building in downtown Montclair has been awarded LEED Silver certification from the U.S. Green Building Council for green homebuilding and design. CONTINUE READING

Kislak sells Monmouth investment properties

By Elana Knopp
June 15, 2018 07:13 AM

The Kislak Co. announced Thursday the sale of four investment properties in Asbury Park and Long Branch for almost $12.6 million. CONTINUE READING

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Team Resources completes Ledgewood industrial lease

By Elana Knopp
June 15, 2018 09:56 AM

Commercial real estate group Team Resources Inc. recently completed the lease of 284,000 square feet of industrial space in Ledgwood to Farren International. CONTINUE READING

Cushman & Wakefield arranges sale of Rochelle Park property

By Elana Knopp
June 15, 2018 07:15 AM

Cushman & Wakefield has arranged the sale of 395 W. Passaic St., a four-story boutique office building totaling 107,969 square feet on 3.1 acres in Rochelle Park. CONTINUE READING

Former Bristol-Myers HQ up for lease

By Elana Knopp
June 14, 2018 08:08 AM

Colliers International Group and Trawler Capital Management will head the leasing of the former headquarters of pharmaceutical giant Bristol-Myers Squibb in Princeton. CONTINUE READING

HFF secures $28.5M refinancing for Mount Olive warehouse

By Elana Knopp
June 14, 2018 10:16 AM

Holliday Fenoglio Fowler announced Thursday the $28.5 million refinancing for 350 Clark Drive, a three-building Class A industrial warehouse facility totaling 443,030 square feet in Mount Olive. CONTINUE READING

Meridian Capital arranges $19M to refi Hackensack multifamily

By Elana Knopp
June 14, 2018 01:36 PM

CONTINUE READING

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New Jersey voters — the live ones, at least — are used to the sensation that their votes don't count in a presidential election, since we are committed to a blue state, like a maniac depressive patient who refuses to take medication. (The dead voters, by contrast, are just happy someone keeps their memory alive by registering them.)

But a pair of discussed ballot issues could make the next two Novembers elections to remember. I'm referring to, of course, the higher education referendum on the books for this year and the minimum wage question that seems likely to get on the 2013 ballot.

The higher education bond — which would borrow $750 million to fund badly needed improvements at state universities — seems likely to pass, since it involves borrowing, as opposed to sensible budget appropriations, paid for via cuts to other services or new revenue generation, such as putting the Revel casino on a truck and driving it to the Meadowlands. We voters love our borrowing: New Jersey's state bird is the goldfinch, the state insect is the honeybee, the state tree is the red oak and the state sport is borrowing. It's a hard one to endorse, but there's no denying how badly upgrades are needed at our universities, and if Rutgers, et al, can keep some of the graduates from shiny new facilities from leaving the state after they graduate, it could have a tangible effect on business.

When it comes to furrowed brows and scowls, the minimum wage issue is the referendum you want. Chris Christie looks at a minimum wage increase the same way you do when you examine your shoes after stepping on a stinkbug, but when it comes to getting such a measure passed, legislative Democrats are more deeply divided than I was as an undergraduate at Villanova University, torn between studying a career that would leave me fulfilled, happy and wealthy, or journalism. Christie already has drafted a veto message for a bill, should it reach him, so the constitutional amendment seems like a sensible route.

At that point, expect some heavy lobbying as businesses work to kill it. The concept of voters telling businesses how much compensation they should offer is a novel one, but you'll notice the economies of places that have tried this — like Cuba and the Soviet Union — are more bust than they are robust. That measure shouldn't get any support, but New Jersey has a fantastic record of favoring poorly defended ballot measures (be sure to click that editorial, I'm very proud of it, especially the part at the end warning about trialkyl prebiotic pneumorrhagia) and rejecting economically intelligent ones, so it will be interesting theater going forward.

I'm even more irreverent on Twitter @joe_arney.

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Your vote still doesn't count

By

Back to Top Comments Email Print

Latest News

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New Jersey voters — the live ones, at least — are used to the sensation that their votes don't count in a presidential election, since we are committed to a blue state, like a maniac depressive patient who refuses to take medication. (The dead voters, by contrast, are just happy someone keeps their memory alive by registering them.)

But a pair of discussed ballot issues could make the next two Novembers elections to remember. I'm referring to, of course, the higher education referendum on the books for this year and the minimum wage question that seems likely to get on the 2013 ballot.

The higher education bond — which would borrow $750 million to fund badly needed improvements at state universities — seems likely to pass, since it involves borrowing, as opposed to sensible budget appropriations, paid for via cuts to other services or new revenue generation, such as putting the Revel casino on a truck and driving it to the Meadowlands. We voters love our borrowing: New Jersey's state bird is the goldfinch, the state insect is the honeybee, the state tree is the red oak and the state sport is borrowing. It's a hard one to endorse, but there's no denying how badly upgrades are needed at our universities, and if Rutgers, et al, can keep some of the graduates from shiny new facilities from leaving the state after they graduate, it could have a tangible effect on business.

When it comes to furrowed brows and scowls, the minimum wage issue is the referendum you want. Chris Christie looks at a minimum wage increase the same way you do when you examine your shoes after stepping on a stinkbug, but when it comes to getting such a measure passed, legislative Democrats are more deeply divided than I was as an undergraduate at Villanova University, torn between studying a career that would leave me fulfilled, happy and wealthy, or journalism. Christie already has drafted a veto message for a bill, should it reach him, so the constitutional amendment seems like a sensible route.

At that point, expect some heavy lobbying as businesses work to kill it. The concept of voters telling businesses how much compensation they should offer is a novel one, but you'll notice the economies of places that have tried this — like Cuba and the Soviet Union — are more bust than they are robust. That measure shouldn't get any support, but New Jersey has a fantastic record of favoring poorly defended ballot measures (be sure to click that editorial, I'm very proud of it, especially the part at the end warning about trialkyl prebiotic pneumorrhagia) and rejecting economically intelligent ones, so it will be interesting theater going forward.

I'm even more irreverent on Twitter @joe_arney.

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