--- In AsburyPark@yahoogroups.com, "wernerapnj" <[EMAIL PROTECTED]>
wrote:
>
> --- In AsburyPark@yahoogroups.com, "Fred" <asburydogma@> wrote:
> >
> >
The taxe have NOT gone up that much 4 -5 percent a year over the last
few years, compare it to other Urban Cities. It's not that much the
State average is 7 percent. As for planning have you looked at your
life lately? The Empire State building was built when people would
work for pennies an hour. NOT UNION WAGES!
Waterfront condos to make splash
>
> The only splash happening is the sound of the Condo market falling
into the Ocean as the
> tax bills of current residents continue to increase. This has been
so delayed and so poorly
> planned out that it may be several more years before AP is in a
good financial position.
>
> > "It's not a dream anymore," Fernbach said. "By this summer, we
should
> > have at least 50 or 60 people living here to enjoy the ocean and
the
> > town people shopping and spending their money in the city."
>
> Now there's a laugh, people do not generally spend their disposable
income in their home
> town. If they will even call AP their Home. Remember what the
target market is.
>
> > Thursday. "They (Paramount Homes) has a vision there and that's
what
> > they sold me. They have partnerships with all of the developers.
> > Asbury used to be a destination city and they're trying to bring
that
> > back."
>
> Sold a lie ! There was never an intent to Restore AP just to
Remodel it.
>
> > Tax revenue anticipated
> >
> >
> > Both builders are about six months behind schedule getting their
> > first units finished and sold, which, for the city, meant Asbury
Park
> > did not get the tax revenue from the new residences that was
> > projected for last year's budget.
>
> People have short memories, the promise to the public was several
hundred units of new
> tax revenue within one year of signing the deal. That was over 5
years ago. We have
> actually lost ratables due to condemnation and demolition.
>
> > Reidy said the city projected $925,000 in tax payments from the
> > condominiums in 2006.
>
> Ouch ! That money never came in.
>
> > Gershwin said two new buildings are under design for
Westminster's
> > next block, a triangular shape bounded by Asbury and Cookman
avenues
> > and Heck Street. That block will contain a clubhouse with
recreation
> > and social facilities.
>
> City within a City - Not good planning. The Downtown and Beachfront
provide the social
> and recreational opportunities. Even the design of this Mega-Block
is bad, turning its back
> to Library Square and the adjoining community.
>
> > Asbury Partners' third developer, Metro Homes, is just finishing
> > driving pilings for the 224-unit Esperanza condominiums,
replacing
> > the now-demolished C-8 high-rise skeleton. The first occupancies
are
> > anticipated in the summer of 2008.
>
> Another poorly planned building, covers the entire block, nothing
but a garage door facing
> Kingsley Street, no public spaces. Lets see how this timetable pans
out. Remember, Empire
> State Building, during the Depression, over 2 Million sqft of
space --- about 1 year to
> build.
>
> Werner
>
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