Jersey City Settles Lawsuit With the 6th Street Embankment Purchaser, Intends To Make Land Part Of Larger Downtown Park Pending Council Approval
By Matt Hunger • Feb 6th, 2012 • Category: Featured, NewsNine months after Jersey City rejected an initial “preposterous” settlement with developer Steve Hyman, owner of the 6th Street Embankment, an agreement was reached Friday that will transfer the valuable downtown land to the city for $7 million, pending Council approval. The settlement comes after a 7-year legal battle that has accrued millions of dollars [...]

