I agree! If you meter the oceanfront, meter ALL of the commercial
downtown, like it used to be! Asbury Park, is BACK and the City is
missing out on revenue, experiencing a budget shortfall and this is
one way of alleviating the debt. What are the City fathers and the
Council doing? Resting on their elbows?
--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote:
>
> Future parking revenues?
>
> As in the cases I mentioned yesterday, some munis are selling
> (leasing) the rights to future parking revenues. Looks like the going
> rate is about 25,000 per spot for a 75 year period. Additional kickers
> are bumps for a share of overtime fines. So if AP had 1200 spaces
> along the ocean, that would amount to about $37 millon paid upfront....
>
> The parking spaces on the street are an asset.
>
> When the esperana was being sold, they were "giving" one spot.
> Additional spot was I think about $30k. I think dan came up with an
> appraisers method of justifying that cost.
>
> So how about it - should the city look into leasing the rights to
> parking in the city?
>
> Oceanfront spots higher then downtown and main (if it all)..
>
> Be nice not to see employees and owners of the businesses not taking
> up the ocean ave spots..
>
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