For years, downtown Newark’s Military Park, barren and surrounded by vacant buildings, was a symbol of the despair that set in after the 1967 riots. Now it’s at the center of hope that a long-sought recovery for New Jersey’s biggest city may finally be taking hold.
Police Commissioner James O’Neill placed the cost for protection and crowd control at $25.7 million for the 75 days between Election Day and Trump’s Jan. 20 inauguration, down from $35 million Mayor Bill de Blasio had estimated.
Its core single-family guarantee business had comprehensive income of $2.2 billion and multifamily lending business made $1.6 billion for 2016. The company’s investment portfolio, which the company has greatly reduced since the bailout, made $3.4 billion.