--- 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.
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