The truth is, Asbury thought that building condos would solve all of our
problems, without
taking the time to realize that the problems in Asbury combined with the real
estate
market will keep people away.
On my street ( which is becoming filled, once again, with spring awakened
hookers) i'm
not interested in hearing some of the newer residents talk about how the
problems will all
go away once people start moving here.
Seems to be a case of flawed priorities.
Meanwhile, we have a boardwalk that is going to begin promoting real estate
rather then
capitalize on it's very essence. And all the potential $ that could help our
city will go to
Seaside, Pt Pleasant and everywhere else but here.
--- In AsburyPark@yahoogroups.com, "wernerapnj" <[EMAIL PROTECTED]> wrote:
>
> Excerpt from an article in todays Press:
>
> ...
> Gregory Mayers, the city's chief financial officer, met with
> Steinmetz on Monday and said afterward that one of the reasons for
> the reduction in city ratables was settlement of a $7 million tax
> appeal on a group of redevelopment properties last year.
>
> Other city officials later said that the settlement was with Asbury
> Partners on tax appeals of the assessed values of certain properties.
>
> The city, which has not introduced its 2007 municipal budget, has a
> serious budget gap this year, in part because of a continuing $5
> million deficit each year that came to light in the spring of 2001
> and because new condominiums being constructed on the beachfront did
> not become occupied and on the tax rolls as anticipated for 2006.
>
> "The city's facing a serious gap in revenues, and we're in Trenton
> and working with the state to address it," City Manager Terence
> Reidy said.
>
> Reidy said he does not yet have the answer for how the revenue gap
> will be resolved.
>
=======================================================
=========
>
> Can I say? - "I told you this plan would not work"
>
> Werner
>
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