I manage a number of sites with a industry-link page and I'm wondering how important it is to make sure none of the outgoing links on these pages point to a 'bad neighborhood' site.
These pages are built with quality links from related industry sites but I just found (by chance) one of the links to a site with no PR. I called the company and they told me that their site was dropped by Google, probably for hidden text.
This is an important link for this particular industry and I would just as soon keep the link on this link page.
What is the PR impact of having a bad neighborhood link on an internal 'links page'?