Economics
The Kushner Project Touted in China Is in Trouble at Home
- Jersey City deal lost startup WeWork and city’s help on bonds
- Effort shows Kushner pattern of relying on Chinese investors
Unraveling President Trump's Complicated Family Ties
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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.