--- In AsburyPark@yahoogroups.com, "wernerapnj" <[EMAIL PROTECTED]> wrote:
>
> In spite of being privately owned the deal requieres restoration to
> Federal standards. There is a program that allows developers of
> historic buildings to get a 20% tax credit on restoration costs. My
> sources tell me that Asbury Partners has expressed no interest in
the
> program.
The same is true of the Casino. At $0 million to restore, that would
throw off at least $1 million in tax credits, that is saved on
someone's tax bill. Very valuable. You can sell them.
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