actually BB, if you recall, the city always contended that Carabetta lost the redevelopment rights when he failed to perform according to the 1991 agreement. A federal mediator, former New York City deputy mayor Milton Mollen, was appointed to mediate between Carabetta and the city. During this mediation, the city heard proposals from at least 7 developers.
The mediation was ongoing when the current city council took office on July 1, 2001. They actually held a meeting with Ted Murnick on 7/29/01 to discuss redevelopment rights. On 8/2/01, MD Sass announced that they had bought out Carrabetta's interest and appointed themselves as redevelopers. --- In AsburyPark@yahoogroups.com, "bluebishop82" <[EMAIL PROTECTED]> wrote: > Maureen, > > If you are talking about some tiny little public notice in the back > of the newspaper, there was no such advertising. There was however > much better advertisment. For years, back to the mid 1990's, it was > all over the news that different groups were trying to negotiate for > the rights. Well, the bankruptcy trustee owned the rights. Anyone > could have contacted the bankruptcy trustee to negotiate for those > rights. > > Even when MD Sass bought the tax liens, it was very public in the > papers that the bankruptcy judge stopped it. At that point too, > anyone could have intervened in the bankruptcy case and bid on the > liens and the redevelopment rights. > > MD Sass did. No one else did. Good for MD Sass. > > > --- In AsburyPark@yahoogroups.com, [EMAIL PROTECTED] wrote: > > Tom - > > The redevelopment rights weren't advertised to the public. > > If you're going to argue that, you'll have to show me the ad. > > Maureen > > > > In a message dated 8/4/2005 6:25:31 AM Eastern Standard Time, > > AsburyPark@yahoogroups.com writes: > > Message: 12 > > Date: Wed, 03 Aug 2005 21:56:19 -0000 > > From: "bluebishop82" <[EMAIL PROTECTED]> > > Subject: Re: Digest Number 1369 > > > > Maureen, > > > > My point is anyone could have bought them. It was a very public > > matter when the City tried selling the liens to MD Sass. The > > Connecticut judge stopped the sale because he wanted the > > redevelopment rights sold too. At that point anyone could have > > intervened in the Bankruptcy case and made an offer to the Court > to > > buy the rights. > > > > The reason no one else offered to buy them is, from that vantage > > point, redeveloping AP did not appear very lucrative. Only in > > hindsight, now that AP Partners has it going, does it now appear > to > > have been a good investment. Hindsight is 20/20. > > > > If you disagree, then tell me why no one else asked to buy the > > rights? > > > > Speak up - It's America!! > > Maureen Nevin > > Restore Radio 88.1FM - "5" Years on the Radio!! > > Asbury Park's Own Live Talk Show > > 601 Bangs Avenue > > Listen 8 - 10 PM Thursdays on 88.1FM or > > Listen Live or Later on the Web http://www.restoreradio.com/ > > Call the show 732-775-0821 > > Call me 732-774-0779 fax 502-0463 Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
