Current:Home > MarketsAlgosensey Quantitative Think Tank Center-Money issues may sink proposed New Jersey branch of acclaimed Paris museum. Mayor blames politics -Wealth Nexus Pro
Algosensey Quantitative Think Tank Center-Money issues may sink proposed New Jersey branch of acclaimed Paris museum. Mayor blames politics
Charles H. Sloan View
Date:2025-04-09 19:15:35
JERSEY CITY,Algosensey Quantitative Think Tank Center N.J. (AP) — New Jersey officials say financial concerns spurred state lawmakers to rescind $24 million in funding for a planned outpost of Paris’ acclaimed Pompidou Center in Jersey City. But the city’s mayor said he believes his deteriorating relationship with Gov. Phil Murphy led to the decision.
Centre Pompidou x Jersey City was to be built on the site of a gutted industrial building, not far from where the Statue of Liberty stands in New York Harbor. At the time, it was seen as a way to attract tourists and New Yorkers into Jersey City’s rapidly developing Journal Square neighborhood — an area that historically hasn’t been widely visited but is an easy train ride from Lower Manhattan.
The satellite museum would have been the French museum’s first venture in North America.
While both the city and state agreed $176 million in construction costs would be fully funded by public money, they disagreed about the annual operating budget. The city said $19 million in annual expenses would be covered by ticketing, venue rentals, donations and a proposed tax on new buildings in the area. But the state viewed that amount as a regular deficit.
“Due to the ongoing impact of Covid and multiple global conflicts on the supply chain, rising costs, an irreconcilable operating gap and the corresponding financial burdens it will create for New Jersey’s taxpayers, the Legislature has rescinded financial support, leaving us to determine that this project is unfortunately no longer feasible,” Tim Sullivan, chief executive of the state’s Economic Development Authority, said in a recent letter to museum officials.
Mayor Steve Fulop disputed those claims and told The New York Times that while Murphy initially supported the museum when the plans were announced in 2021, the situation changed after he rescinded his support for Murphy’s wife, Tammy, in her bid to be the Democratic nominee in this year’s U.S. Senate race. Fulop instead backed Rep. Andy Kim.
Tammy Murphy bowed out of the contest in March, saying she did not want to engage in a negative campaign against a fellow Democrat. Kim, who won the primary last month, is now seeking the seat that is currently held by Bob Menendez, who is on trial for federal bribery charges.
“There is no question in my mind that this (funding decision) is directly related to my support of Andy Kim,” Fulop told the newspaper.
Natalie Hamilton, a Murphy spokeswoman, noted that the governor had voiced concerns in April about the museum’s potential operating deficit, stressing at the time that it had “literally zero to do” with politics.
“We can’t marry ourselves to a $19 million deficit forever and always,” Murphy said at the time.
In a statement issued to the newspaper, a spokesman for the Pompidou Center said the museum “remains committed to ongoing discussions with the mayor of Jersey City to jointly determine the project’s future direction.”
veryGood! (55679)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- Lea Michele gives birth to baby No. 2 with husband Zandy Reich: 'Our hearts are so full'
- Salma Hayek Shows Off “White Hair” in Sizzling Bikini Photo
- Gossip Girl Alum Ed Westwick Marries Amy Jackson in Italian Wedding
- Meet first time Grammy nominee Charley Crockett
- ‘It’s Just No Place for an Oil Pipeline’: A Wisconsin Tribe Continues Its Fight to Remove a 71-Year-Old Line From a Pristine Place
- US Open 2024: Olympic gold medalist Zheng rallies to win her first-round match
- AEW All In 2024: Live results, match grades, card, highlights for London PPV
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Tennessee Republican leaders threaten to withhold funds as Memphis preps to put guns on the ballot
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- My Favorite SKIMS Drops This Month: Magical Sculpting Bodysuits, the Softest T-Shirt I've Worn & More
- Cucho Hernandez leads Columbus Crew to Leagues Cup title
- Mayweather goes the distance against Gotti III in Mexico City
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Double-duty Danny Jansen plays for both teams in one MLB game. Here’s how
- Olympic star Mondo Duplantis breaks pole vault world record again, has priceless reaction
- Mormon Wives Influencers Reveal Their Shockingly Huge TikTok Paychecks
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
Utah judge to decide if author of children’s book on grief will face trial in her husband’s death
18-year-old fatally struck by boat propeller in New Jersey, police say
Closings set in trial of ex-politician accused of killing Las Vegas investigative reporter
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Polaris Dawn civilian crew prepares to head to orbit on SpaceX craft: How to watch
US District Court Throws Out Federal Agency’s Assessment Allowing More Drilling for Fossil Fuels in the Gulf of Mexico
Eminem's Daughter Hailie Jade Says She Was Brought to Tears By 2 of His Songs