For Sipprelle, it’s all about the benjamins

Venture capitalist Scott Sipprelle will enter the race for the Republican nomination for Congress in the twelfth district at a rally in Princeton tonight.  The millionaire ex-Wall Streeter faces a primary with Fair Haven Mayor Michael Halfacre as he seeks to challenge six-term U.S. Rep. Rush Holt (D-Hopewell) in the fall.   

For most of last year, it looked like Halfacre, a law partner of mega GOP fundraiser Lawrence Bathgate, had the nomination sewed up.  Frankly, since thirteen incumbents sat around a table and drew their own redistricting map in 2002, the candidates against Holt – including the massive ego known as Bill Spadea – were not much more than sacrificial lambs.  But after Republican Gov.-elect Chris Christie carried Holt’s district against Jon Corzine, and a conventional wisdom that 2010 might be a good year for the GOP, suddenly some New Jersey Republicans believe Holt is beatable. 

The big question for Sipprelle: how much of his own money is he willing to spend to beat Halfacre and Holt? For Sipprelle, it’s all about the benjamins