The guy over in McManus told me that the owner of this project lost millions and millions of dollars in the Madoff Ponzi Scandal. Like so many others, he was fooled by the stature of Madoff, his seeming invincibility. He said it was reported in the newspaper.
That's why this project has been delayed for so long. Now that the Cancer Center is almost done, this is going to be the only "BIG" project being built in Hackensack. At least someone is carrying the ball.
People don't realize that national events have an impact on Hackensack. 300 and 310 Prospect Ave, and two buildings on Park Street were caught up in the S&L Crisis. When was that one, 1989 ?