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The Daily News chooses New Jersey for new plant.

New York City has lost a concession battle to New Jersey.

The New York Daily News announced last week it will close plants in Brooklyn and Kearney, New Jersey, and open a new state-of-the art, four-color printing operation in Jersey City.

New York's 'Hometown Paper' has agreed to purchase a 251,000-square-foot structure from Clorox Company.

Of the struggle to capture the 1,600 jobs, Dinkins has made statements that New Jersey "bought" the newspaper and that the city had reached its "bottom line."

A Daily News statement says the paper reviewed some 200 sites in the New York Greater Metropolitan area during the past few months. This facility, the statement said, presented a better opportunity than having to build from the Found up.

Assuming the successful outcome of engineering and environmental reviews, the sale is expected to close within 90 days.

Onlookers says the move to New Jersey indicates that the incentive package for the printing plant was not connected to Daily News owner Mort Zuckerman's negotiations with the city and the Metropolitan Transportation Authority over the Coliseum site. Zuckerman has an option to build on the site but changes in the economy are causing second thoughts for the developer.
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Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:New York Daily News purchases commercial structure in Jersey City, New Jersey for printing plant
Publication:Real Estate Weekly
Date:Jun 9, 1993
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