The Real Deal New York

Jersey City won’t give Charles Kushner subsidies, but his brother got them

Murray Kushner's firm got $40M in tax breaks to redevelop Journal Square
April 27, 2018 12:20PM

Charles Kushner and 1 Journal Square

The mayor of Jersey City, Steven Fulop, has made it clear he doesn’t want to give Kushner Companies a dime of subsidy to build their luxury residential towers at 1 Journal Square. But he didn’t feel that way about giving money to Charles Kushner’s rival brother, Murray.

Kushner Real Estate Group, the firm led by Charles’ estranged brother Murray, received $40 million for its own redevelopment proposals at Journal Square, Bloomberg reported. That project, called Journal Squared, opened last year.

Kushner Companies expected to receive the same treatment, but that changed last year, as protestors lined up to express their outrage that the city would move to subsidize the family of the President Trump’s son-in-law Jared Kushner.

Though Charles Kushner recently said Fulop, a Democrat, admitted that his decisions on the 1 Journal Square project were intentionally discriminatory, a Fulop spokesperson told Bloomberg she was not able to confirm this conversation ever happened. [Bloomberg] — Will Parker