Corzine pointed out that his administration has reducedcorporate taxes to the tune of $368 million, citing the traffic "onthe bridges across the Delaware River to Pennsylvania" at quittingtime as the impetus, simultaneously reflecting on the state's need"to be competitive." At the same time, he emphasized that hisadministration wants to continue in the "smart growth" vein,prioritizing redevelopment as the focus for ongoing economicgrowth.

"I have to say we have a lot of work to do" in terms of puttingthe state's financial house in order, Corzine told attendees. "Alot of good things are going on and a lot is on the drawingboard."

Redevelopment, the state's financial health and a range of otherissues was addressed by a symposium panel made up of public andprivate sector officials. "Simply put, a lot of the state isoff-limits to development, and redevelopment is the key," attorneyTed Zangari of the Newark-based law firm Sills Cummis and panelmoderator, told attendees. The realities of economic growth involveurban cores, train stations and brownfields, coupled with thechallenges of high costs, taxes, soft markets. The latter factorscould force "a tipping point of redevelopment," Zangari toldattendees.