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Ferreira In Port Authority Scandal!

Partners with Christie’s Brother!

Real Estate investments based on insider info from the PA?

 

From North Jersey.com:

Governor Christie’s brother, Todd Christie, and two business partners have bought and sold a handful of properties within walking distance of the PATH station in Harrison, slated for a $256 million renovation funded by the Port Authority and championed by the governor, records show.

Todd Christie and his partners — one the owner of Ferreira Construction, a large firm that has done tens of millions of dollars of work for state agencies since Christie took office — created a company and began buying small residential lots in early 2011, about a year before the train station renovation was approved by the Port Authority.

The company built three homes on those lots in the first year and sold each of the improved properties — after the announcement of the station overhaul — for nearly triple the property’s original price. The company also demolished a home and sold the vacant lot to the school board in Harrison, where Todd Christie’s partners grew up and have worked in real estate for the past decade………..

 

And……….

Asbury Park Press ties it to Belmar!

 

The Todd Christie-Ferreira Construction-Sandy money circle of friends

…………………….Ferreira Construction has other Port Authority connections including one that ties into Sandy recovery money.

Ferreira Construction donated $2,600 to Belmar Mayor Matt Doherty’s campaign in 2010. A few days after Sandy hit, Ferreira received a no-bid contract to help remove storm debris and eventually earned nearly $750,000 for the work.

In an Asbury Park Press story last year, Doherty said he did not make the choice for Belmar to contract for debris removal with either Ferreira or AshBritt, which employed subcontractors. Rather, Doherty said that decision was left to William Young, the borough administrator at the time.

Young eventually left Belmar to go to work for the Port Authority. In the story, Young said when he chose Ferreira he did not know of the political contribution to Doherty.

 

Actually I have obtained a secretly recorded video of an unauthorized “executive session” where the two discussed it:

 

3 Comments

  1. Guest wrote:

    Didn’t Bill Young work for the Port Authority prior to becoming Belmar’s Business Admin? I think it is odd that the Port Authority would take him back after he chose to leave. Or did he ever formally leave Port Authority? I wonder if maybe they held his position for him….

    Thursday, January 30, 2014 at 12:52 pm | Permalink
  2. admin wrote:

    It’s called the revolving door.

    Thursday, January 30, 2014 at 1:09 pm | Permalink
  3. Teddy Ehmann wrote:

    Well:
    I will be glad to help you with the sequal to THE FERRIERA FILES.

    Thursday, January 30, 2014 at 2:27 pm | Permalink

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