Ledger Overview of the State of the City

Ralph Ortega outlines many of the city’s development challenges with a preview of Mayor Booker’s State of the City speech last week: Mayor Cory Booker to focus on Newark economic development, empowerment.

Newark Mayor Cory Booker’s third state-of-the-city address tonight envisions a 24-hour downtown with 700 additional housing units in two high-rises and an added Seton Hall Law School dorm, the city’s first recreational boat dock in half a century, and the state’s first community court for low-level offenders.

Last year’s address touched on similar issues, including downtown development plans, which will be expanded upon in tonight’s address. But this year, there will be caveats because of the worsening economy. Newark’s unemployment rate has risen to 10 percent since Booker became mayor in 2006, and the city had the 35th-highest number of foreclosures out of 100 U.S. cities in 2008, according to RealtyTrac, a California firm tracking the market. Several hotel chains have already scrapped plans this year to build in the city.

Author: Ken Walker

Husband, Father, Newarker, PCA Elder, Business Analyst. In a glass case of emotion since 1978.

3 thoughts on “Ledger Overview of the State of the City”

  1. I think it’s nice that Mayor Booker has such a vision for the city of Newark, unfortunately I don’t see how it could possibly be realized with the state of the economy as it is. But, he is the Mayor, he knows more than I about the state of the city.


  2. Frankly, I have to agree with J. Cozart on this issue. Although Mayor Booker’s vision and attempts are very commendable, based on the state of the countries and New Jersey state’s financial affairs I would think that these plans would need to be deferred.Is quite possible though that he envisions a bright future for the city and knows that his goals are attainable.


  3. We need visionaries – it’s what inspires us all to overcome the bleakness. If we can’t see the light at the end of the tunnel, then we are less prone to fight to get there.
    I feel that it is a matter of approach rather than “vision”. It’s one thing to have a large-scale vision about the direction in which the city should go. The real issue is in how we get there – whether it’s big steps, or small ones. The state/nation/world may be in the state it is now, but it’s temporary and it’s in these times that we build the foundation for our dreams by preparing.
    We hope for the best and prepare for the worst, but we can’t stop dreaming for more and for better.


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