I'm amazed by the Press' reaction to this MM deal with Asbury Partners. The editorial board interview was a cream puff job. No financials -- again!! The only way to be confident of the partnership is to know what they're in for - a dime or a dollar. What's the commitment? Is there an out clause? Do we get to see this contract - ever? And, why should it cost AP anything????? Can you say Breach of Contract? Does anyone recall the Dispute Resolution Agreement? Isn't this allowing the Partners to dodge another commitment and more deadlines? Tell me where it's not so. Another round of negotiating is necessary, says Bruno. Another round of private - out of the public eye talk among the principals - who don't include you or me. This basically allows the City to acquiesce instead of pressing its rightful legal position with the Partners. Now the City will be one more entity removed from enforcing its rights. Gees, only a lawyer like Faiella could feel comfortable plunging into a tangled web like this one. Oh, that's right, Faiella is the Partners' lawyer. What did the editorial board story say, Lamle is a 50% partner? Lamle? We know that Cherokee is a 50% partner. So who's out of the game? Or is the Press just playing loose with the facts again? As in oh they declined to discuss the financial end of this reportedly $150 million investment. The financials are the story!!! How does the City enforce its interests in this deal if it's between the Partners and MM? Sure I'm glad somebody got out there and cleaned up and prettied up the 5th Av pavilion and opened businesses there. What's not to like? But this city isn't a little girl to be told, "Don't look a gift horse in the face." This is just the time when we should be looking that horse straight in the eye. As we used to say, we've been down so long anything looks like up. But this is just the time to be most wary. Just tell me why the city is giving anything up now. We've got a signed deal - two signed deals. Why should we make a third? Isn't it allowing the Partners to square the deal with MM? If so, the City is giving the Partners the equivalent of millions to give to MM in order to buy the Partners’ way out of their hole with the City. Well? Maureen
Maureen Nevin Asbury Radio -"The Radio Voice of Asbury Park" 88.1FM - "6" Years on the Air!! Asbury's Own Live Talk Show_mailto:[EMAIL PROTECTED] (mailto:[EMAIL PROTECTED]) 601 Bangs Avenue Listen 8 - 10 PM Thursdays on 88.1FM or Listen Live or Later on the Web _http://www.asburyradio.com/_ (http://www.asburyradio.com/) Call the show 732-775-0821 Call me 732-774-0779 fax 502-0463 Speak up - It's America!! ************************************** See what's free at http://www.aol.com.
