Dan,
I realize your position and I respect it. Just glad that SOMEONE,
knows just what the "real" deal, is. Thanks!
--- In AsburyPark@yahoogroups.com, "dfsavgny" <[EMAIL PROTECTED]> wrote:
>
> --- In AsburyPark@yahoogroups.com, "asburycouple" <asburycouple@>
> 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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