--- In AsburyPark@yahoogroups.com, "Hinge" <[EMAIL PROTECTED]> wrote:
>
> Yeah, I work in Bay Head, and whenever possible I go to the Pt.
Pleasant boardwalk for a
> lunchtime walk. That's when I can get a parking place.
> The boardwalk there is and has always been successful. And it
doesn't just benefit the
> business's there. It's also the parking lots, hotels, restaraunts
and little shops.
> Asbury has none of that, but at one time, that's what drove it's
economy.
> Now, Asbury is headed in another direction...boring family town.
Tommy and others want to turn this into a purely residential town.
Tommy points to that specific movement over the entire NJ shore.
Last year or so I pointed out the folly in that, which many places
are discovering to their own chagrine. If you only have residences
what is your only source of revenue? Residential real estate taxes.
Absent run away spending, why do you think NJ towns have a never-
ending cycle of rising real estate taxes? With a greater mix of
commercial uses, you have other sources of revenues and do not have
to rely so heavily on residential real estate taxes.
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