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NJ taxpayers bankrolling Meadowlands development gamble

John Brennan and Jeff Pillets at The (Bergen County, NJ) Record went deep into the financial underpinnings of a developer's promise to transform the state's most infamous landmark from smelly garbage dumps and swamps into an Emerald City of golf courses, luxury condos and resort hotels. They emerged with a compelling story about the way business is done in New Jersey. The story reveals that, despite assertions to the contrary, the project relies overwhelmingly on public funds. In the wake of The Record's reporting, the governor has commissioned an investigation into how the politically connected developer cobbled together such an unprecedented series of government incentives.

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