Trenton, N.J. (November 13, 2002) - In support of Gov. James E.
McGreevey's commitment to redevelop the Asbury Park waterfront and spur
economic growth and job creation, New Jersey Economic Development
Authority (EDA) Board members today approved a $1.5 million loan to
developers of the first project to be implemented as part of the city's
extensive revitalization efforts.
The loan, approved under the EDA's Local Development Financing Fund
(LDFF), will allow Asbury Partners, LLC to acquire a 33,600-square-foot
property at 1100 Ocean Ave. and develop modern office and retail space
along the Asbury Park boardwalk.
"New Jersey is committed to Asbury Park's revitalization, and today the
state recognizes this commitment through supportive financing for the
city's redevelopment plan," said Gov. McGreevey. "With continued
support from the state, the bricks and mortar of new office and retail
space on the city's boardwalk will translate into jobs and economic
growth, setting in motion the rebirth of Asbury Park.
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/
