--- In AsburyPark@yahoogroups.com, Allan Peterson <[EMAIL PROTECTED]>
wrote:
>
> Maybe what you suggest would not be viable as a business. Didn't
Partners offer the Palace for sale? Wasn't it 2 million or
something with the condition it must be an amusement? This was
promoted nationally but nobody took the offer. Why not?
> ================================================================
Yes the Palace was put up for sale, at a rediculous price. Planned
failure. And it was only for half the Palace property. The Southwest
portion of the building, the Scooter Cars, was not included.
That new road that was created was already part of the plan. The
Northern section (Tillie), the Carousel House and the Ferris Wheel
site were for sale for $2.5 Million. (corrections welcome on that
number)
That would be for an empty shell of a building that needed serious
rehabilitation. The 'deal' was designed to fail from the start.
I even had a talk with Larry Fishman about this attempting to
convince him that it was in his best interests to sell the Palace
cheap and have someone else invest several million dolars into it.
That would cause an increase in ajoining property values theat Larry
owned without him having to spend his money.
That logic was lost on him, he was only interested in getting the
most for that property, ended up getting nothing, and the site is a
pile of rubble.
The greatest loss is to the City since that would have been a
significant tourist draw and tax ratable.
Werner
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