Bill Ackman ’s first tour of Newark ended at aspiring Mayor Cory Booker ’s apartment in a housing project plagued by drug dealers and rats. The hedge fund manager still recalls a sinking feeling as graffiti-covered elevator doors closed and they rode to the 16th floor in pitch darkness.
Newark, where Cory Booker scored Wall Street largesse and Twitter-feed fame, is poised for a fresh start under a new mayor, a son of the 1970s black-culture movement who’s not so eager for national attention.
The winner of New Jersey’s special U.S. Senate election today faces an almost immediate start to a second campaign to capture a full six-year term, even as he learns his role as Washington’s newest lawmaker.
Newark Mayor Cory Booker, positioning himself as a Washington outsider, said he’ll run in a “ramped- up” Democratic primary for the seat left open by the death of New Jersey’s U.S. Senator Frank Lautenberg.