See today's Asbury Park Press: Ocean Twp has hired lawyer Stephen N.
Dratch, of Franzblau Dratch (could Cloris Leachman be far off), in
Livingston, to sue Weldon for the $64,000 he took from developers, plus
damages of $320,000.
Maybe this outfit can find out once and forall if Weldon took any
dough to create the sweetheart deal he made with Asbury Partners for
Asbury Park's waterfront, wherein they secured the entire waterfront
for under $5 million while holding onto the future commercial proceeds -
- and charging back developers (who the Partners designate sub-
developers)for its infrastructure expenses, a sum at times reaching
$100,000 a unit for its redevelopment rights, and up to 7 percent of
the sales price of every unit. Amazing that more subdevelopers aren't
beating a path and the existing ones can't seem to make any money,
isn't it?
According to the APP, Weldon, 59, is currently serving his 58-
month sentence in the Federal Medical Center, in Lexington, Kentucky -
not the Texas prison he was initially sent to.
A charismatic jokester, at least until his incarceration Weldon
was still seen merrily socializing with former city council member Kate
Mellina. Other council members have told Asbury Radio in the past that
they were completely shocked by his confession, yet believed that
Weldon hadn't taken any bribes for his critical role in Asbury Park's
multi-billion dollar waterfront redevelopment. However, they feared
that he may have laid the groundwork for future pay offs.
Maureen
------------------------------------
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/AsburyPark/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/AsburyPark/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:[EMAIL PROTECTED]
mailto:[EMAIL PROTECTED]
<*> To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
