On 2/24/06 3:48 PM, "dfsavgny" <[EMAIL PROTECTED]> wrote:

> I finally got resolution to this matter. Someone raised the question
> about what happened to the $1.5 million loan that NJ EDA approved.
> Asbury Partners was supposed to use it to acquire 1100 Ocean Ave and
> begin resoration on the pavillions. Mark Saldutti from EDA just
> confirmed to me that although the loan was approved on 11/12/2002,
> it never closed because Asbury Partners withdrew its application.
> Seems to me that that should have been a tip of the hand as to what
> Partners' intentions were with regard to the restoration of the
> pavillions.
 
It's amazing that you can learn more about the true stories of Asbury Park
from this Yahoo group than from reading the Press for years.  There are so
many things that should be major stories.  Of course, then people would just
complain that they only print negative stories about Asbury...



 
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