The real estate firm owned by the family of Jared Kushner has withdrawn a request for a big tax break for one its buildings in Jersey City, New Jersey, the latest setback for the company in the area.
The Kushner Cos. sent a letter withdrawing its application for a 30-year break from city taxes for a planned two-tower project in the struggling Journal Square section of the city, Jersey City spokeswoman Jennifer Morrill said Wednesday. Opponents of the tax breaks marched downtown earlier this year and the city's mayor recently came out against the Kushner request.
Jared Kushner was CEO of the family company before stepping down to become a senior adviser to his father-in-law, President Donald Trump.
Kushner Cos. spokesman James Yolles said the company is committed to the "much-needed investment" in that area of the city.
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