ok.
So about 246 homes were built / rights to 3,000 +/-.
That is worth something - even $30k per unit is $90m. Maybe not today -but
someday.
And who knows if the "sale" of those rights reverted back to the master
developer when not exercised in "x" years or with payment not made in "x" time.
I thought in the past Paramount gave it up - but then, I heard they didn't.
when it goes back to arbitration, they will both litigate hard.
I find, and always have, the system is like a coin toss. You can go to trial
and spends hundreds of thousands, or agree to terms that you can both live with
and save hundreds of thousands that can be put to better use. Maybe a rec
center.
Because in the end, that's all that's going to happen. You're going to settle.
If not, most of us who post here will be dead.
You can't build unless who have someone with money that's wants to build and
pays the owner of the land for that right to build.
I work with a number of landowners/property owners that simply own too much
land or buildings. Some can afford to leave it vacant. Others like to spend
alot of money "developing" on paper. What if.. what if...and you wind up with
lots of pretty pictures from architects and planners and no building.
The avg joe like us, wouldn't think twice about losing a dime on an investment
or can afford to come up with a better idea or design.
>From my perspective, The "new" section of pier village - at least they
>landscaped around the road on buildings. Wesley grove was blown by trying to
>keep cookman and lake ave as it is. So you wound up with a wall between two
>roads.
With all those creative people in town, someone should take a paintbrush and
come up with a better paint scheme. It would go along way.
Now back to Joomla! (asburyboardwalk.com will be updated...)
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