"Where we split I don't say that they have had 3 years to build because the agreement was signed 10/2002. They couldn't do a thing without CAFRA, and that approval was about 16 months ago. That doesn't even consider those other layers of government they had to get approvals from."
If they "couldn't do a thing " how is it that they've repainted, re-plumbed and re- tenanted the Pavilions and why would they have agreed to fast track C8 within 6 months of signing? While he "couldn't do a thing" I wonder if you could enlighten us as to who permitted the reconstruction of the boardwalk; Asbury's brand new $6 million boardwalk built crooked by a crook, built to last at least 5 years and the only thing Larry's ever built in his life. --- In AsburyPark@yahoogroups.com, "bluebishop82" <[EMAIL PROTECTED]> wrote: > Dan I agree with you. I too don't like the lack of timelines in the > agreement. I too don't like the lack of speed for redeveloping the > beachfront properties. Totally agree with you. > > Where we split (I think, I'm not even sure) is that I don't say that > they have had 3 years to build because the agreement was signed > 10/2002. They couldn't do a thing without CAFRA, and that approval > was about 16 months ago. That doesn't even consider those other > layers of government they had to get approvals from. > > We are both criticizing Asbury Partners; I just think my criticism > is more fair. > > > > > --- In AsburyPark@yahoogroups.com, "dfsavgny" <[EMAIL PROTECTED]> wrote: > > --- In AsburyPark@yahoogroups.com, "bluebishop82" > > <[EMAIL PROTECTED]> wrote: > > > Dan: > > > > > > Let's say I conceded all of that below. Does Asbury Partners > get > > > credit for the time that they were forced through the apporval > > > processes? > > > > > Perhaps I do not understand you. Of course obtaining approvals is > > part of the development process. If that process is delayed > through > > no fault of the developer (inaction, etc.) then of course one > should > > not fault them with that time. Tom, even considering the fact that > > approvals have to be obtained, come on now, would you hire Fishman > > to fix your roof if he ran a roofing company? This ain't Ground > Zero > > for godssakes. We could and should be further along if in fact the > > master developer wanted to develop. That's the inherent problem. > > It's not even a hidden fact. He doesn't develop. He ain't burning > > any money here. A hole in the ground for a developer is a hole in > > his pocket. The longer it stays a hole, the more money he loses. > But > > when you get the hole at a bargain (don't start about others not > > stepping up) and you couldn't build a bird house if you tried, and > > there isn't ANY pressure from the municipality to make good on > your > > obligations, then it is not so sensitive to time. Listen, I am not > > saying that the project has to be substantially built out by now, > > that would be unreasonable. But more progress should have been > made > > with regard to our historic structures. Say what you want, but > that > > is at the heart of the agreement. And with regard to those > > structures, we are no further along than we were 2-4 years ago. > And > > in some instances, perhaps worse off. ------------------------ 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/
