Maureen, Right back to where we started. Your point was that 50 cents on the dollar paid by Sass was too good of a deal for the tax liens. My point was that when SASS bourtht the liens and the rights (it was a package deal in the bankruptcy court)that anyone could have bid more for them to the bankruptcy trustee. Therefore, if it was such a great deal for Sass at the time, why did no one, not even all these others trying to get in, out-bid Sass? It belies your point that paying 50 cents on the dollar was such a great deal when no one else was willing to take the risk on Asbury and offer more money.
Sass deserves the credit for taking the risk. If it was such an incredible deal like you and others on your show have so often maintained, someone would have outbid them. --- In AsburyPark@yahoogroups.com, [EMAIL PROTECTED] wrote: > Tom - > Now I'm really confused. Didn't you say MD Sass was the only one who wanted > the rights? How can you say there were others negotiating for them then? > How do you justify both statements? > Maureen > > In a message dated 8/5/2005 4:43:48 AM Eastern Standard Time, > AsburyPark@yahoogroups.com writes: > Message: 4 > Date: Thu, 04 Aug 2005 21:16:39 -0000 > From: "bluebishop82" <[EMAIL PROTECTED]> > Subject: Re: Digest Number 1373 > > 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. > > 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/
