Christie's brother invested in houses near new PATH station in Harrison slated for $256 million reno
Governor Christie's brother invested in houses near new PATH station in Harrison
TUESDAY, JANUARY 28, 2014 LAST UPDATED: WEDNESDAY JANUARY 29, 2014, 7:18 AM
BY SHAWN BOBURG AND JEAN RIMBACH
Governor Christie’s brother, Todd Christie, and two business partners have bought and sold a handful of properties within walking distance of the PATH station in Harrison, slated for a $256 million renovation funded by the Port Authority and championed by the governor, records show.
Todd Christie and his partners — one the owner of Ferreira Construction, a large firm that has done tens of millions of dollars of work for state agencies since Christie took office — created a company and began buying small residential lots in early 2011, about a year before the train station renovation was approved by the Port Authority.
The company built three homes on those lots in the first year and sold each of the improved properties — after the announcement of the station overhaul — for nearly triple the property’s original price. The company also demolished a home and sold the vacant lot to the school board in Harrison, where Todd Christie’s partners grew up and have worked in real estate for the past decade.
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