Connell Foley Partner, Philip F. McGovern, panelist at the Mack-Cali Realty Corp. Breakfast Symposium

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JERSEY CITY, NJ, October 2013 -The new Economic Opportunity Act gives New Jersey such a powerful competitive edge in attracting corporations from other states, says economic development chief Timothy J. Lizura, “it is like bringing a gun to a knife fight.” 

But it is so complex and novel, says Lizura, “We’re really just at the tip of understanding how it will change the way developers make decisions in the region.”

Mack-Cali Realty Corp. hosted a breakfast symposium Wednesday at its Harborside complex for New Jersey and New York City brokers where Lizura spoke. He and other panelists noted the long and torturous legislative path that led to passage of the EOA - and the fact it ballooned to 87 pages with amendments - makes it difficult to fully analyze.

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