--- In AsburyPark@yahoogroups.com, "asburycouple" <[EMAIL PROTECTED]> wrote: > > > PS. Still waiting for that Madison Marquette announcement that was > due any day two weeks ago... I smell trouble here. There is really > no reason for this to take so long and I think it is just another > example of AP working harder to extract every single penny they can > out of every negotation vs. agreeing to something that is mutually > beneficial and getting it done.
Scott I have some info but have been sworn to secrecy which I must respect. Everyone has to STOP fooling themselves. I am really serious. Partners will do nothing. They don't know how and don't want to. I will be honest with you. While I disagree with the amounts I have heard for the Casino, CH, it is still a substantial amount of money to be invested there. Difficult to make a return just owning the retail, although, if done right (historic tax credits, etc.) it can be done. That is why, although not explicit, the quid pro quo for dumping money on the waterfront was to be able to sell/develop the residential portion. Now you have a problem with someone just owning the retail (from their point of view). No one (including MM) has any faith in Partners. They do not deserve it and have not earned it. I repeat. This is not what they do. They have never done it. They just don't do real estate. The entire build out should be near half way done already. That's counting in all the approvals they needed (CAFRA, etc.). I begged Bruno in the parking lot the other night to find a way to get rid of Partners. They are killing us. Many want them out. I gave them the key again. The easiest way may be to buy them out. I told the city - put togther a real developer's group to put the money up and Partners takes a powder. The only problem is that Partners has to be realistic and that's where the city comes in. I opened up my remarks at the council meeting asking if this thing is just a big joke. It is absolutely ridiculous. The city keeps listening to Aaron who with Weldon and Faiella orchestrated this mess. The city is finding it hard how to get out. They never will if they keep listening to Aaron. The fox is in the hen house. Pay off Faiella to get Partners out. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> 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/