Corrections or additions?
These articles were prepared
for the October 11, 2000 edition of U.S. 1 Newspaper. All rights
Bloomberg Plans: To Expand 4-Fold
Just 10 years ago Bloomberg Financial Markets had only
30 workers in Princeton. Now it has 1,300 workers here and wants to
quadruple its space on Route 581 for up to 4,000 people.
Taking advantage of a recent ruling that it can tap into the
Township sewer system — and another ruling that involves an
species — Bloomberg is asking to build on 65 acres adjacent to
its current buildings, with 158,137 square feet on 85-acres. Under
current zoning it can build just 86,000 square feet, so it will need
approvals for its goal of 650,000 square feet in two buildings, one
500,000-foot office building, and one 150,000-foot data center, plus
parking. The approval process is expected to take at least nine
Bloomberg’s major product is an electronic information service
on a special computer, the "Bloomie." The company has 7,000
employees worldwide, with the biggest numbers in New York, London,
and Princeton. At its current growth rate of 20 percent per year,
Bloomberg expects to have from 2,500 to 3,000 employees in Princeton
in three years. Jobs in Princeton are primarily in data collection
but can also be in marketing or editorial work for four magazines.
At one point Bloomberg was talking about moving out of state to get
the space it needed, but as a stopgap it opened a data center in
space at 700 College Road. Now the township has decided its sewers
have enough capacity to serve an expanded campus. Another boost to
the plan is that the buildable space has increased because of a
At first it was thought that the wetlands housed an endangered species
of turtle, but that no longer seems to be true. The expansion would
let Bloomberg consolidate and move the data center back to Route 518.
Drive, Box 888, Princeton 08542-0888. Stuart Bell, managing director.
609-279-3000; fax, 917-369-8200. Home page:
Nassau Broadcasting’s $185 million deal to buy nine
radio stations was canceled two months after its projected $9.9
IPO fell through. Seller Aurora Communications scuttled the contract
when Nassau had a delay in coming up with private financing. The
has just traded four of its smaller market stations for two stations
in Allentown, Pennsylvania plus $12 million in cash. The deal will
give Nassau and even larger total market.
After the deal closes Nassau will own 19 radio stations, including
WHWH-AM, WPST-FM, and WNJO-FM in central New Jersey. It forfeited
the $7 million deposit on the Aurora contract.
Box 1350, Princeton 08540. Louis F. Mercatanti Jr., CEO. 609-419-0300;
fax, 609-419-0143. Home page: www.nbplp.com
and CEO of Atlantic Products Corp., Prince Tennis Corp., and chairman
and CEO of Wilson Sporting Goods.
Limo Service and worked at Colonial Cadillac-Hyundai of Trenton.
circulation manager for Princeton University’s Population Index for
for McCarthy & Schatzman on Alexander Road.
Elena, 8, and William 2, on October 6 in a plane crash on Martha’s
Vineyard. He had been a state legislator.
to the Kennedy and Johnson administrations during the Vietnam War.
research engineer with Ingersoll-Rand Research.
engineering consulting practice and chaired the Montgomery Township
was a graduate of the American Boychoir School and Princeton High
vice president of Texaco who served on the boards of International
School Services and Opera Festival of New Jersey and was a volunteer
tutor for the Young Scholars Institute.
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