For the casino to be restored, much less CH - unless they fund it
themselves - I don't think there would be a bank out there - not
even amboy - that would fund a restoration - unless of course, they
had some potential tenants (strong ones)who will committ to some
long term leases. In the end, the restoration of both will more then
likely have to be funded in part by the state.
Given the fact that haven't gone anywhere with the pavillions -what
makes one think a much more difficult restoration would ever occur.
Had the city today still had control over the pavillions, they would
be able to dictate what they wanted built there and what the price
would be.
I'll leave it to dan to calculate the value of boardwalk retail -
assuming an avg of 35$ sq ft for rent on the bw....each pav is worth
at least $2m.
Eminent Domain.
"taking for public good".
At least that would be an interesting court case. Should of been
done with Konvitz on Springwood as well.
SOS
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