Downturn Leads Trump to Modify Plans

An NJN report on the Hudson Bergen Light rail mentions in passing that Donald Trump has "modified" development plans due to the downturn in housing. Likely this means delaying the second tower, which seemed fairly self evident.

Peter Mocco, developer of Liberty Harbor North, appeared in the NJN segment, though dodged the question as to the possible effect of a slowing housing market on that development. He did suggest Jersey City may be somewhat more isolated from the rest of the housing slump due to its proximity to New York.