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William E. Cleary Sr. | CNBNewsnet
POLITICAL BOSS AND YOUR MONEY --More than $200 million worth of state tax breaks are headed to Camden City in the form of support for a new tower that will house the offices of George Norcross' insurance company.
According to Chasing the News, Conner Strong & Buckelew will receive $86 million over 10 years to move its headquarters from Marlton to Camden City, creating over 250 jobs as part of a deal with the New Jersey's Economic Development Authority. George E. Norcross, III, is Conner Strong's Executive Chairman.
Conner Strong and two other companies will be housed in the new Camden Tower, where construction was underway last Friday and is set to be finished in 2019.
The administration of Gov. Chris Christie has received criticism for using tax breaks to spur growth. The Bergen Record found Christie's administration has promised $7.8 billion in breaks since the governor took office in 2010. The tower project will receive $245 million in total over 10 years and has promised to bring 869 jobs to Camden, resulting in a cost to taxpayers of $281,703.11 per job.
CNB BUSINESS NEWS—It was announced earlier this month that O’Donnell’s Bar and Restaurant, Broadway and Warren Street., Gloucester City will now be known as O'Donnell's 1923 Pub & Grill at 401 N. Broadway in Gloucester City.
The bar has been in operation since one-time lightweight boxing champion Joe O'Donnell opened the establishment in 1923 according to The Philadelphia Business Journal.
The new owner is Likissa Hunde, an Ethiopian-born educator, and economist who emigrated to the United States in 2009. He found himself in Gloucester City about eight years ago. Hunde purchased the property in July 2015 from Irene Delimaris.
Hunde said the 150-seat, 4,800-square-foot restaurant underwent a $300,000 renovation, and a name change to show there was an upgrade given to the menu offerings. The restaurant will also be adding locally-brewed craft beers and distilled spirits along with a so-called bar bites menu.
O'Donnell's will be able to accommodate up to 500 people for indoor and outdoor events that spill over into the parking lot, which Hunde is planning for the spring, summer and fall seasons. (READ MORE)
NEW LIQUOR STORE FOR Rt 130—Mushesh Patel recently received permission from the Gloucester City Planning Board to convert the former Hog and Bull Tavern, Route 130 and Klemm Avenue into a liquor store. Patel said the 7,000 plus square foot building will be only be used for a liquor store. There were no plans to use it for anything else.
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Uploaded by RTAmerica on Dec 8, 2010
Camden City, New Jersey is among the poorest and most dangerous cities in America. RT's Anastasia Churkina reports on the extent of the damage, and whether this ghost town - but once industrial giant - could end up disappearing off the face of the Earth.
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