The Park51 mosque and community center near Ground Zero is not Imam Feisal Abdul Rauf’s first venture into real estate development. As The Record reports, beginning in the late 1970s, Rauf acquired five apartment buildings in Union City, North Bergen, and Palisades Park, all urban areas along the New Jersey bank of the Hudson River. He developed the properties with the help a series of government grants and loans totaling in the millions — including $384,000 in 1989 endorsed by Sen. Bob Menendez (D., N.J.), then mayor of Union City, and $1,295,000 underwritten by then Hudson County executive Robert C....