Does the city really want those dumps back. They are the way they are
because the city couldn't maintain them. Do you really want to make
that kind of investmest.If you take them back the rest of the city
will suffer because all of your resources will go to that. Plus
insurance, and lost taxes. It not that easy.
--- In AsburyPark@yahoogroups.com, "theshortsalepro" <[EMAIL PROTECTED]>
wrote:
>
> Due diligence. Before the rush to reclaim the building(s) due to
an
> implied Redeveloper Default, you'll have to decide if it's prudent
to
> let the Redeveloper off the financial hook.
>
> Make sure you have access to all records of engineers' field notes
and
> reports. Make certain you have access to and an understanding of
all
> applicable laws that would impact any efforts to rebuild,
rehabilitate,
> or replace any section of the structure(s) in question.
>
> Could be that Asbury Partners has an open can of worms and would
love
> nothing better than to have some "body" assume the responsibility
for
> it's preservation... at some astronomical cost...
>
> Maybe Asbury Partners want the City body to exercise a 'weasel
clause'
> because Asbury Partners want to weasel out of the deal....
>
> Just my $.02
>
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