NJ.com: Tiki Barber building affordable housing in Newark

NJ.com: “Tiki Barber building affordable housing in Newark”:http://www.nj.com/news/index.ssf/2007/12/former_new_york_giants_running.html

“There’s plenty of opportunity in Newark,” Barber said today. “What I can bring is my relationships, a vision and a belief in what can happen because you need a certain group of people to have faith in what can happen in Newark.”

“Newark is the hot city. It’s the ‘it’ city in terms of development,” Booker said. “There’s a certain cache that celebs have and are bringing to Newark. We want to focus on local developers but also bring in new investors to work with local groups.”

This is the exciting kind of stories I love to read. I’ve long held that Cory Booker’s greatest asset for the city of Newark is the ability to draw in outside investors and raise private capital. After just narrowly having covered a city budget shortfall of $150 million, this city needs private investors willing to take a reasonable amount of risk.

Update: more in this morning’s Star Ledger: For Tiki, Shaq and others, Newark’s a hot investment.

Author: Ken Walker

Husband, Father, Analyst. In a glass case of emotion since 1978.

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