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The Kushner Project Touted in China Is in Trouble at Home | Tony Seruga
May
09

The Kushner Project Touted in China Is in Trouble at Home

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  • Jersey City deal lost startup WeWork and city’s help on bonds
  • Effort shows Kushner pattern of relying on Chinese investors

When Jared Kushner’s sister took the stage in two Chinese ballrooms over the weekend to urge investors to fund a New Jersey development through a controversial visa program, she mentioned her brother’s role in the White House and displayed a photo of President Donald Trump. It was a not-so-subtle signal that hers is a family company with connections.

What she didn’t mention was that the project has suffered a slew of problems: the exit of its anchor tenant, the loss of millions in tax breaks and a curdling political relationship with the mayor of its host city…

The Kushner Project Touted in China Is in Trouble at Home

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