There's a real reason why pension fund money should be put into secure
investments. But not to worry, because "you can't lose" when that pension money
is "secure" - not like the average schlep who invested "wisely" only to be
wiped out by corp fraud - and to take that nice secure interest rate to pay off
"unwise" investments into blind real estate funds that are HIGH RISK.
PS - from MM website - "www.MadisonMarquette.com
The historic Paramount Theatre, Convention Hall, Grand
Arcade, and Carousel Building have been renovated (WELL EXCEPT WHATS REQUIRED
BY LAW, SPRINKLERS) and
restored to feature concerts, plays, sporting events, film
screenings (WE DO IT FREE AND BITCH) and operas. The partnership with Live
Nation
has brought internationally acclaimed artists to this
legendary music mecca. Recent performers include Bruce
Springsteen, Bob Dylan, Tony Bennett, Liza Minnelli, John
Edward, Southside Johnny, ATP Festival, Jeff Beck and D.J.
Tiesto. SEE THIS ... The combination of venues has brought over 10,000
audience members to the boardwalk in a single evening. (YEP that's the POINT -
IT FILLS SEATS AND THE BARDWORK (boardwalk)
The entire waterfront redevelopment is expected to occur
over the next ten years, ultimately producing more than
$1.25 billion in total economic redevelopment
The Asbury Park redevelopment is the unprecedented
rebuilding of one of the nation's most historic beachfront
communities. The project includes a remarkable 500,000 (NOTE - maybe 75,000
feet now...)
square feet of retail and entertainment development along
with over 3,000 residential units on the last undeveloped
stretch of the Jersey Shore's prime oceanfront.
The 56-acre project is located in Monmouth County
between Deal Lake to the north and Ocean Grove to the
south. Asbury Park is surrounded by upscale lifestyle
communities that are among the most affluent in
the nation. Only four miles (IT'S FIVE) east of the Garden State
Parkway, the project is easily accessible from Manhattan,
Philadelphia, and all points of New Jersey, making it an
ideal destination for the tri-state area and vacation spot for
the Northeast region.
Since beginning construction in March 2007, Madison
Marquette has engineered a remarkably rapid turnaround.
Four retail buildings have been renovated and over thirty
businesses are open for business year round. In addition,
Madison Marquette has spent over $1 million to create
convenient parking and additional public restrooms for
Boardwalk patrons.
"
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