"Mr. Lamle, however, suggested that some of the criticism comes from those who sought to pay bargain-basement prices for development on prime real estate."
Was he looking in the mirror when he made this statement? Flashback, June 2001: http://tinyurl.com/dlyhb I wouldn't be surprised if Lamle & Sass were looking at exit strategies right now. They have gone through a complete business cycle with all of the easy money (subdevelopers) made and no revenue generated from the Oceanfront for the foreseeable future. With an inverted yield curve, defaults surging, and personal spending exceeding income, "happy days" will be here again soon enough for the vultures. They are going to have plenty more opportunities to make fast bucks in other distressed property, especially when they put the "Miracle of Asbury Park" fable on their resume. Having the Oceanfront liability off their back frees them up to screw up some other town. I'll say by April Fool's Day they announce they're out. 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/
