The problem is there might be 60 million of construction costs
already spent sitting there. Why scrap that? If anything, that
could lure a new builder in who doesn't have to re-create what is
there but can build on top.
This is clearly delayed but not unworkable.
--- In AsburyPark@yahoogroups.com, "cwpvt" <[EMAIL PROTECTED]> wrote:
>
> It's been a year, can't the City force them to remove what is
there
> if they are not going to use it? Or hire someone to remove it and
> bill the owner. I would assume that if they can arrest someone
for a
> porch, they can have the owner (who is still in business) fined
until
> it's gone. The same thing with the Metropolitan, why is that hulk
> still standing. I would have to assume they removed the good part,
> because they were afraid that someone was going to force them to
> restore it. If I remember correctly, the city sent an engineer
over
> who said it was unsafe, or that was the excuse anyway! Wouldn't
the
> remains qualify the same way?
>
>
>
>
>
> --- In AsburyPark@yahoogroups.com, "dsher4" <dsher4@> wrote:
> >
> > The sad fact is that it is virtually impossible to get a loan to
do
> > almost anything at the current time for even the most
creditworthy
> > of borrowers.
> > Real Estate is on the lower end of the health spectrum at the
> moment.
> > I have no specific knowledge here but my guess is that this
project
> > is going nowhere for a while until the health of the lending
market
> > improves considerably.
> > So the update would be that it is in limbo for quite some time.
> >
> >
> > --- In AsburyPark@yahoogroups.com, "Jack Pitzer" <hinge98@>
wrote:
> > >
> > > Didn't the ESP shut down this month last year?
> > > Has anybody heard any updates about it fate, or plans to
restart
> > building?
> > > It's starting to be a real slap in the cities face that
there's
> > another derelict structure on the
> > > same exact location as the last one.
> > >
> >
>
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