--- In AsburyPark@yahoogroups.com, "bluebishop82" <[EMAIL PROTECTED]> wrote: > JJ the assumption we were working under (which you started with your > Liberty Bell post) is a Stone Pony that loses money. Someone still > has to own it. Unless they are independantly wealthy and can absorb > the loss to keep it open for sentimental reasons, it makes no sense > for that owner to keep it. Business is business. Tillie is dead > because no one could re-coup a $16 million investment with pinball > machine quarters as a return. Economics rule (as it should). > No, Tillie is dead because the landowner has a lower tax obligation on an empty lot than he has on land with improvements. Economics rule.
As far as "who should own the Pony if it was the Liberty Bell?" You know the answer to that: it becomes a Common Good. (Please note, I didn't say "Public Good", which would be the beaches, sidewalks, and "Cobrahead" lights). I don't really feel like blowing the dust off my Macro books to cite theories, but the typical response in handling a Common Good is to set up a private foundation such as a Homeowners Association, Merchant's Guild, National Trust, or any other 501(c)4 organization to be the caretaker for the Common Good. Do a little research on Lucy the Margate Elephant, for an example of "Save CRUMMYOLDBUILDING" that works when you have a local government that realizes they are merely custodians of the City's treasures for the next generation. If you feel the Pony is better off dead than saved if not profitable, do you feel the same regarding Convention Hall? Please give me an example of a similar venue anywhere in NJ that is in private hands? Apparently Asbury Partners is going to disprove economic theories that have been around since Titus held his first Gladiator Games in the Colosseum around AD 80. If I was a betting man, my money would be on the dead guys. Heck, I AM a betting man...anyone wanna lay odds? > As for all your Bruce facts, you forgot one: Bruce was never, ever > a booked act at the Pony. Not once. Not in the 70's, 80's or 90's. > The first time his name ever graced the marquee was in 2001 for a > benefit show. > > I sure hope the Rock and Roll Hall of Fame doesn't find out about > that little tid-bit. I always correct people when they claim the > Pony launched Bruce or vice versa. > Technically, he was "launched" at the old YMCA in Freehold, but we'll just build up these Asbury Park myths & get tourists spending here before the Freehold Center Partnership figures out how to market him. ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/Y2tolB/TM --------------------------------------------------------------------~-> 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/
