Newark agrees to pay $27M to lease property it sold for $1

The city of Newark, N.J. has agreed to pay $27 million over 30 years to rent property that it previously sold in 2017 for just $1, leading some to question why the city didn’t just hold on to the land in the first place. “We’re paying them for something that we gave them. This is...

from New York Post https://ift.tt/2TCGqO8