"Asbury Park does not have sufficient debt capacity to bring even Convention
Hall up to current standards, and we could do so only at the expense of our
already tax-burdened residents.
While we believed that Convention Hall alone needed from $8 to $12 million
in repairs, a recent, more thorough inspection indicates that structural
decay is considerably worse than anticipated. Without immediate repairs,
that structure - along with the pavilions, the old heating plant, and the
rapidly disintegrating Casino - will deteriorate well past the point of
saving."
-- Kate Mellina, MARCH 28, 2002
What is written above is why many of us sound "negative" on this board. The
fact is that, for whatever reason, the Council put their faith in Asbury
Partners to do the things that the City could not do. The City needed help
because it was broke. The problem is that here we are three summers later
and how much money do you think has been put into restoring Convention Hall?
I would seriously doubt anything over $1 million.
How much has been put into restoring the Casino? Or the Pavilions?
If the plan is to wait until the residential occurs then the real plan is to
wait until these structures are beyond repair. Redevelopment plans should
not be set in stone. If things need to be changed, changes should be made.
That is why we're speaking up.
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