--- In AsburyPark@yahoogroups.com, "Skip Bernstein" <[EMAIL PROTECTED]> wrote:
> Now to the bad part. The Fishman sucks, but there's method in the
> madness that places the future of Asbury in his hands. If you possess
> no skill as a developer but score a `home run' of a deal; how do you
> maximize your good fortune? Become the worst pariah of all time.
> Very simply, if you don't know how to create or build value, do the
> opposite, lay waste. I believe that The Fishman and the money backing
> him are betting that if they lay waste to the boardwalk, historic
> buildings and everything else they can eminent domain; the electorate
> will demand that the city buy back the hostages.
>
> Am I right? Who know, we've got another 33 years till we learn the
> answer.
I head an ominous rumour which I am relucant to repeat lest I will now
be labeled an anti-semite by someone montitoring this forum, but as
usual, I throw caution to the wind. I have heard, but can't confirm,
that the orthodox community from Lakewood is purchasing a lot of
property in AP. This rumour, as it goes, suggests that waste is being
laid on AP on purpose in order to permit the orthodox community to
purchase at low price and turn AP into a primarily orthodox community.
I think it is far fetched, because while there may be relative bargains
on the west side, there aren't many east of main. Please don't crucify
me (no pun intended) for repeating this rumor.
Whether the waste being laid is intentional for some motive or
reluctance to spend money, or just plain stupidity, I don't know, but I
lean to not wanting to invest any more funds. Looking at the
redevelopment agreement I see that the city CANNOT condemn Asbury
Partners' property without its permission, as I once suggested. There
is of course, NJ's Abandoned Property Law which is a longshot but
perhaps could be used for the Casino, etc. The only other way, short of
something illegal being done and the deal/plan becoming null and void,
is to turn up the heat. The squeaky wheel gets the grease as they say.
We have no chance of having Fishman perform or agree to get bought out
at a reasonable price if the city doesn't take agressive action. That
inlcudes everything from trash violations to prosecuting default of the
agreement, to dragging its feet in exercising eminent domain, etc. It
is really a shame and I don't know why the current council doesn't see
it. A new council should probably ask the US Attorney's office to look
at the deal again.
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