Jersey City has evolved into one of Airbnb’s biggest regulatory battles this year given its proximity to New York, which has some of the strictest short-term rental regulations in the country and about 60 million visiting tourists annually. — AFP
After weeks of being bombarded with leaflets, television ads and door-knocking canvassers, Jersey City residents will vote Nov 5 on new restrictions on home-sharing companies like Airbnb Inc.
The issue has become a bitter, multimillion-dollar fight between the startup and its critics as the company, preparing to go public next year, seeks to resolve local regulation issues around the US. Jersey City, a short train ride across the Hudson River from Manhattan, has seen a 10-fold increase in home-share listings in recent years as it has become a popular, more affordable lodging option for visitors to New York City.
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