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Winners and Losers

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On the list this week: Rowan, American Dream, Tesla and more.

Each week in FaceTime, NJBIZ editors approximate Chris Christie's mood and facial expressions based on the news.

FACETIME: A WINNING LOOK
The Triple Five settlement with the Giants and Jets involves "infrastructure improvements and the implementation of traffic and parking management" for the sports complex. It also means thousands of jobs for construction workers. Christie the governor looks good. It remains to be seen if the deal helps Christie the candidate.

WINNERS

Rowan

Simply put, the school gets it. The announcement that the Rowan University Foundation, the school's fundraising arm, has committed $5 million toward establishing a new venture capital fund aimed at financing research initiatives shows the school understands how colleges will operate in the future.

Ralph Zucker

Somerset Development broke ground last week with NJ Transit on the new train station that will be the centerpiece of his 70-acre redevelopment project in Wood-Ridge, known as Wesmont Station. Zucker has been at this project for more than a decade, and getting the state to open a new station is no easy task. Also, kudos to NJ Transit for engaging in the private-public partnership — another way for the state to help the business community.

American Dream project

The elephant in the room has left the building. A settlement that ends with the Giants and Jets lifting their opposition to Triple Five's plan is a win for the developer as it can move forward on plans to reboot the failed Xanadu project as American Dream.

LOSERS

The Canning family

The novelty and voyeurism surrounding Rachel Canning's lawsuit against her parents will wane. Hopefully by the time you are reading this. But the impact will last a lifetime. No one will look at the parents the same way again, and the power of the Internet will connect this moment to Rachel for decades to come. And it's not exactly a feather in the cap for the legal profession.

Tesla

It seems clear to anyone that new rules and regulations written by the Motor Vehicle Commission were done specifically in an attempt to halt Tesla from selling its cars here. That's right, restricting commerce to satisfy special interests. That's not the way it's supposed to work.

Rutgers

Really, name-calling? In an attempt to ban former Secretary of State Condoleezza Rice from speaking at the university's graduation ceremonies, she was called a 'war criminal' because of the Iraqi war. And here we thought colleges were supposed to be accepting of all viewpoints and backgrounds? And support those involved in military action. Hats off to President Barchi for backing her.

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Comments


James Hemm said:
As a left wing liberal I find it upsetting that folks would think that one should not hear the Rice opinions. I always thought that was what education was about

March 16, 2014 10:39 pm

MoccoRazza said:
Having a socialized Mall in Bergen County is not a win for anything. There are still many questions about the large number of conflicts on interests surrounding this plan. Why is the Campaign Manager for the Bergen County Exe. one Alan Marcus is also the lobbyist for American Dream, also there is the financial role that David Samson assisted with his client the Canadlian/Iranian corporation of Triple Five. How come this is the only company to get awarded millions upon millions in government benefts? What about the companies that are going to go out of business because of the loss of revenue that this project will take from. This project, which probably will never occur, is really a loss for NJ.

March 16, 2014 2:40 pm



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