Friday, May 13, 2011

Bloomfield Developer In Morristown Trial -- Could Oakes Plan Crumble?

We were planning to get away from the temptation of speculating on Bloomfield politiical issues, but today's Ben Horowitz at the Star Ledger has a breaking story that could undermine Bloomfield's largest new residential development in years.

Zygmunt "Zygi" Wilf, the owner of the Minnesota Vikings, owns the company whose "Oakes Pond"plans were recently approved for converting the warehouse/office complex at 225 Belleville Ave.(photo at right) into 300 luxury condos and apartments.

Unresolved questions include what did those council members know about Wilf and when did they know it? The civil case against Welf has been 19 years in the making and may not reach a verdict until fall. Could a guilty verdict cause the council to revisit its vote? Why give one of the wealthiest men in NJ a 30 year tax abatement? Will this be an issue in the Bloomfield's Democratic primary or the November election?

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