This is an excerpt from today's APP story about Springwood Avenue. My
comments follow.
"One reason Springwood was not developed is that Philip Konvitz, the
Long Branch millionaire and political power broker who died last year,
controlled about four blocks of land from Memorial Drive to Atkins
Avenue for 15 years.
Konvitz built 15 of a planned 75 town houses in the early 1990s, had
trouble selling them and refused to redevelop any further. Successive
city councils either went along with him or had their hands tied until
the 2001 council under Mayor Kevin Sanders began litigation to get the
land."
This is exactly the issue with the redevelopment area and why it was
not developed. This is the issue that property owners whose properties
are scheduled to be condemned have to bring to the forefront. The
condemnor (city and Partners) is saying, see, you didn't develop your
property in all these years. Well if it is acknowledged that
Springwood could not be developed because someone controlled 4 blocks
of it and let lay fallow, how could these people develop their
properties when nearly 56 acres surrounding them was held up in
litigation? All one needed to do was to get the waterfront out of
litgation. A master developer was not needed. The increase in property
values is not project enhancement but the ability of property in AP to
react to normal market forces once the litigation was ended.
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