May 6, 2011, 12pm PDT
"...and maybe America," added Gov. Christie. The building in question is Xanadu, a brightly-colord mall that was scheduled to open in 2007 and with almost $2 billion spent ran into financing problems. New investment may turn the project around.
December 1, 2010, 11am PST
And the tab is substantial: $271 million. NJ Gov. Christie, who killed the trans-Hudson, $9 billion rail tunnel for financial reasons, is now left owing funds for work completed that his state would not be liable for had he not canceled the project.
Asbury Park Press (APP.com)
October 28, 2010, 11am PDT
Time will tell whether this was a shrewd political move, saving the state billions of dollars, or a monumental failure of judgment. NJ must now repay the federal government $270 million; he forfeits $6 billion in transit, but prevents overrun costs.
Bloomberg News via Crain's New York Business