Professor Jeffrey Robinson interviewed by NJTV about Newark's plans to sell vacant lots for $1,000 each

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Date: 
Wednesday, February 11, 2015
Location: 
Newark, N.J.

At Newark City Hall, the phone rings every minute or two at the Department of Economic and Housing Development.

Callers asking about Newark’s Valentine’s Day special this Saturday at City Hall from 9 a.m. to noon: for $1,000, anyone — singles and couples — can buy a city-owned vacant lot. Only 100 are up for sale. You can find them all online.

Newark wants to grow its tax base and wants buyers to build not just houses, but better and bigger neighborhoods.

"It’s about how you can change communities from the inside out,” said Dr. Jeffrey Robinson, the academic director at the Center for Urban Entrepreneurship and Economic Development at Rutgers Business School.

"In the city of Newark, the home ownership rate is something on the order of 22 percent. You compare that to the state of New Jersey where it’s 67 percent, you can see that Newark has a long way to go. So, why not? Why not try to attract more homeowners?” Robinson asked.

Watch the report:

TAGS: City of Newark Jeffrey Robinson Real Estate The Center for Urban Entrepreneurship and Economic Development