In 1902 Bradley's power began to slip away. A battle had been raging between him and the city of Asbury Park for control of the beachfront. The city believed that its own dispensation of it would be more advantageous to progress. Three years before, Bradley had refused to sell this property to a private corporation for $500,000 dollars; but now when the city threatened to condemn his holdings and to test the legality of his ownership, he finally gave in. He sold the beachfront for a mere $100,000 dollars plus $50,000 for the sewer system. This was considered practically a gift, since the property at that time was worth about $1,000,000.
If you time value of money, while a gift, I think Bradley got a better deal than the City selling it to Fishman. ------------------------ Yahoo! Groups Sponsor --------------------~--> Everything you need is one click away. Make Yahoo! your home page now. http://us.click.yahoo.com/AHchtC/4FxNAA/yQLSAA/Y2tolB/TM --------------------------------------------------------------------~-> 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/
