On a night the Jersey City Council once again approved a 30-year tax abatement in Journal Square, Councilman Michael Yun disputed the claim that tax abatements create jobs for Jersey City residents – especially minorities.
[fve]https://www.youtube.com/watch?v=OjvMyIyUWyA&feature=youtu.be[/fve]
The Jersey City Council, with Ward D Councilman Michael Yun being the sole No vote, approved a 30-year tax abatement for a development in Journal Square that will create 240 units.
The ordinance, which was moved up on the agenda after a motion by Councilman Chico Ramchal following the arrival of developer Joseph Panepinto, drew multiple speakers – including Charles Harrington, a lawyer with Connell Foley representing the devleopers, and Patrick Kelleher, President of the Hudson County Building & Construction Trades Council – who claimed that tax abatements were creating jobs for Jersey City residents.
After the public speaking portion was complete, Yun disputed the notion that tax abatements created jobs for Jersey City residents, specifically minorities.