Kushner project touted by sister in China in trouble at home
Project has slew of problems, including the exit of an anchor tenant and loss of millions in tax breaks
Washington
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 programme, 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 previously unreported exit by tenant WeWork - which is also expected to sell its stake in the project - as well as the mayor's shift,…
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