Excerpts from APP story.
"Neptune redevelopment will serve as model for neighboring towns
Published in the Asbury Park Press 07/7/05
BY TOM CLARK
CityWorks was formed after several foundations and individuals with
a commitment to urban redevelopment determined that the problem with
many revitalization plans in New Jersey was that they were limited
to residential projects and did not consider the need to
simultaneously provide commercial and retail services. The
foundations agreed to provide start-up funds for CityWorks, and the
New Jersey Economic Development Authority also became a funding
source.
The CityWorks Board of Trustees, consisting of longtime developers,
financial professionals and individuals who have worked in the
nonprofit sector and on urban redevelopment for many years, was
created to provide expertise on projects. The board's goal is to
construct commercial and residential projects, so as to complete the
circle that creates a true urban neighborhood with a solid base for
growth and self-sufficiency and plenty of community pride."
AP needs a redevelopment authority comprised of individuals
experienced in real estate development,planning and finance. Not the
mayor and council who may have little, or no, experience.
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