[AsburyPark] Re: City declares Istar in default.....in APP
And why are these details discussed behind closed doors, Dorf? All these questions you pose are valid and there is no reason why the public shouldn't know. In fact, denying us that information is against the law. The appeals panel, in Nevin V Asbury Park, wrote that it defeats the spirit of the Sunshine Law for the City to share the details of a proposed contract with the other side of that contract and leave the public in the dark. So after that decision, the City began meeting with the other party with a subquorum of the council, two council members, instead of the three necessary to conduct business. The councilmembers gather information at these meetings and then meet in executive session with the full council to share these details. But at this point they are again in violation of the Sunshine Law. If the council wants to discuss their strategy, then the law allows them to go into private session for that purpose. But first the public should be informed of the terms that the other side - in this case iStar - is presenting or sharing with the subquorum members. What useful purpose does denying the public this knowledge serve? iStar surely knows the information, why shouldn't we? Maureen http://www.asburyradio.com --- In AsburyPark@yahoogroups.com, oakdorf oakd...@... wrote: The facts are pretty simple. Is IStar technically in trouble as co on the whole? Maybe, depending how you look at it. Hoewever, since their maybe going bankrupt, investors think otherwise, as their stock CLIMBED from the low 2.00 range to around $6.50 IF you really think they'll roll over what is maybe $70m or more on $70m or more of their loan - WHY? Will they or should they give up their rights which have a value all their own? They will still own the property, unless they decide to sell some off - when they want to, at a price suitable to them. Do you think that their land is WORTHLESS? Do you think their inherited rights are WORTHLESS? Without knowing all the details, that $70m loan may turn out to be great investment. HOW? Simple. Figure it out. They own more or less all the property and RIGHTS to develop. A major portion of the infrastructure, engineering and planning has already been completed. And the land their clearing - it's THEIRS. They obtained the rights to that land - regardless of what I or anyone else thinks. From a development point of view - IF they are marketing the properties as development parcels to anyone or group - with the city or to their own development partners - it's makes a much nicer presentation to show LAND - uncluttered FLAT LAND - on the OCEAN. A developers dream - even if it means having to work within the development (or preceived) process known to have plasgued AP all through history. Fi you want to play with numbers - even if the owners sold rights over the next 30 years to use that magical number of 3,000 condos (or homes,apartments etc), for only 50,000 per unit right (3,000*50,000) that comes up to %150,000,000. Of course I have to leave the projected valuations to our expert appraiser here Ok, so they can't build and selll 3,000 units tomorrow morning. Maybe a more realistic plan exists - whatever that is. What do you want - 10 homes along ocean ave? You will have, someday something gracing ocean ave, kingsley and the 'infill area. Maybe the city shoiuld rethink the %250,000 outlay (for now) to fight this. Maybe they should invite Istar to the table once again - maybe over a beer - and resolve the issues. Pick up the phone and call. Get in the car and sit in the offices of IStar. I'd try that before handing over more money to fight what may be a losing battle. Then again, I know none of the details. Get the cameras rolling for the next reality show from AP. Best of luck. 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: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Metro Homes' Sheriff's Sale
Has anyone heard if the sheriff's sale of Esperanza went off today? Maureen http://www.asburyradio.com 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: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [AsburyPark] Re: City declares Istar in default.....in APP
I'm always so perplexed at people blaming the town council, or implying that they are in charge of the decision making They are ceremonial at best,the City Manager (the most useless and money draining position in local politics) is the one pulling the strings And by no means is that directed at you Maureen, just a generalization of AP residents Sent from my Verizon Wireless BlackBerry -Original Message- From: radio881gal restore88...@aol.com Sender: AsburyPark@yahoogroups.com Date: Mon, 13 Dec 2010 20:20:15 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Re: City declares Istar in default.in APP And why are these details discussed behind closed doors, Dorf? All these questions you pose are valid and there is no reason why the public shouldn't know. In fact, denying us that information is against the law. The appeals panel, in Nevin V Asbury Park, wrote that it defeats the spirit of the Sunshine Law for the City to share the details of a proposed contract with the other side of that contract and leave the public in the dark. So after that decision, the City began meeting with the other party with a subquorum of the council, two council members, instead of the three necessary to conduct business. The councilmembers gather information at these meetings and then meet in executive session with the full council to share these details. But at this point they are again in violation of the Sunshine Law. If the council wants to discuss their strategy, then the law allows them to go into private session for that purpose. But first the public should be informed of the terms that the other side - in this case iStar - is presenting or sharing with the subquorum members. What useful purpose does denying the public this knowledge serve? iStar surely knows the information, why shouldn't we? Maureen http://www.asburyradio.com --- In AsburyPark@yahoogroups.com, oakdorf oakd...@... wrote: The facts are pretty simple. Is IStar technically in trouble as co on the whole? Maybe, depending how you look at it. Hoewever, since their maybe going bankrupt, investors think otherwise, as their stock CLIMBED from the low 2.00 range to around $6.50 IF you really think they'll roll over what is maybe $70m or more on $70m or more of their loan - WHY? Will they or should they give up their rights which have a value all their own? They will still own the property, unless they decide to sell some off - when they want to, at a price suitable to them. Do you think that their land is WORTHLESS? Do you think their inherited rights are WORTHLESS? Without knowing all the details, that $70m loan may turn out to be great investment. HOW? Simple. Figure it out. They own more or less all the property and RIGHTS to develop. A major portion of the infrastructure, engineering and planning has already been completed. And the land their clearing - it's THEIRS. They obtained the rights to that land - regardless of what I or anyone else thinks. From a development point of view - IF they are marketing the properties as development parcels to anyone or group - with the city or to their own development partners - it's makes a much nicer presentation to show LAND - uncluttered FLAT LAND - on the OCEAN. A developers dream - even if it means having to work within the development (or preceived) process known to have plasgued AP all through history. Fi you want to play with numbers - even if the owners sold rights over the next 30 years to use that magical number of 3,000 condos (or homes,apartments etc), for only 50,000 per unit right (3,000*50,000) that comes up to %150,000,000. Of course I have to leave the projected valuations to our expert appraiser here Ok, so they can't build and selll 3,000 units tomorrow morning. Maybe a more realistic plan exists - whatever that is. What do you want - 10 homes along ocean ave? You will have, someday something gracing ocean ave, kingsley and the 'infill area. Maybe the city shoiuld rethink the %250,000 outlay (for now) to fight this. Maybe they should invite Istar to the table once again - maybe over a beer - and resolve the issues. Pick up the phone and call. Get in the car and sit in the offices of IStar. I'd try that before handing over more money to fight what may be a losing battle. Then again, I know none of the details. Get the cameras rolling for the next reality show from AP. Best of luck. [Non-text portions of this message have been removed] 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:
[AsburyPark] Re: City declares Istar in default.....in APP
Brian, this is a City administration, not a town your first clue should have been the title City of Asbury Park. Before I comment on your Ceremonial statement, I would like to ask you what YOU have done to make a difference in the City of Asbury Park. You complain a lot, I got that. You brag a lot about your military service. I got that too. (those two coupled have earned you the moniker Captain McBragg by the way. When, exactly, does Captain McBragg take action in the City of Asbury Park? I do net see the Council as Ceremonial as I personally worked with the Council to get the lot next to The Empress cleared out. That lot has been cleared. I don't even live in Asbury Park. What have YOU done, Brian? Should Maureen be doing it FOR you? Should I do it? If you see this as a generalization of AP residents, then possibly, Captain McBragg should become Captain Action. I have fixed what I can, I don't LIVE within that City. Quite possibly, we have reached the time for you to stop bitching and take action. DO SOMETHING! Maureen is doing something... do you think she should save YOUR ass too? Wake up! --- In AsburyPark@yahoogroups.com, cbrianwatk...@... wrote: I'm always so perplexed at people blaming the town council, or implying that they are in charge of the decision making They are ceremonial at best,the City Manager (the most useless and money draining position in local politics) is the one pulling the strings And by no means is that directed at you Maureen, just a generalization of AP residents Sent from my Verizon Wireless BlackBerry -Original Message- From: radio881gal restore88...@... Sender: AsburyPark@yahoogroups.com Date: Mon, 13 Dec 2010 20:20:15 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Re: City declares Istar in default.in APP And why are these details discussed behind closed doors, Dorf? All these questions you pose are valid and there is no reason why the public shouldn't know. In fact, denying us that information is against the law. The appeals panel, in Nevin V Asbury Park, wrote that it defeats the spirit of the Sunshine Law for the City to share the details of a proposed contract with the other side of that contract and leave the public in the dark. So after that decision, the City began meeting with the other party with a subquorum of the council, two council members, instead of the three necessary to conduct business. The councilmembers gather information at these meetings and then meet in executive session with the full council to share these details. But at this point they are again in violation of the Sunshine Law. If the council wants to discuss their strategy, then the law allows them to go into private session for that purpose. But first the public should be informed of the terms that the other side - in this case iStar - is presenting or sharing with the subquorum members. What useful purpose does denying the public this knowledge serve? iStar surely knows the information, why shouldn't we? Maureen http://www.asburyradio.com --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@ wrote: The facts are pretty simple. Is IStar technically in trouble as co on the whole? Maybe, depending how you look at it. Hoewever, since their maybe going bankrupt, investors think otherwise, as their stock CLIMBED from the low 2.00 range to around $6.50 IF you really think they'll roll over what is maybe $70m or more on $70m or more of their loan - WHY? Will they or should they give up their rights which have a value all their own? They will still own the property, unless they decide to sell some off - when they want to, at a price suitable to them. Do you think that their land is WORTHLESS? Do you think their inherited rights are WORTHLESS? Without knowing all the details, that $70m loan may turn out to be great investment. HOW? Simple. Figure it out. They own more or less all the property and RIGHTS to develop. A major portion of the infrastructure, engineering and planning has already been completed. And the land their clearing - it's THEIRS. They obtained the rights to that land - regardless of what I or anyone else thinks. From a development point of view - IF they are marketing the properties as development parcels to anyone or group - with the city or to their own development partners - it's makes a much nicer presentation to show LAND - uncluttered FLAT LAND - on the OCEAN. A developers dream - even if it means having to work within the development (or preceived) process known to have plasgued AP all through history. Fi you want to play with numbers - even if the owners sold rights over the next 30 years to use that magical number of 3,000 condos (or homes,apartments etc), for only 50,000 per unit right (3,000*50,000) that comes up to
[AsburyPark] Re: City declares Istar in default.....in APP
Brian - I agree with you about Reidy as far as being in charge when it comes to spending. He's grown that city hall staff to amazing proportions, prior to the cutbacks this year. (I'll never forget how the council voted to hire him first and then negotiated salary.) But my guess on the waterfront stuff is that Reidy probably defers to Jimmy Aaron and maybe Glenn Scotland, although I think Glenn takes his direction from Aaron. You know Aaron was our city lawyer, then our redevelopment lawyer, and now our litigation attorney. Keep that in mind... I'm still amazed by Jimmy's little speech the other night. Mega moxie at work. Here we are looking at yet another huge debt we can't pay off, because we put everything into one outfit's hands, an organization whose financial status was never adequately determined. (If the city had demanded that review, we might've gotten to this point a long time ago.) But does Aaron even attempt to defend this fiasco? No! What fiasco? He's got billable hours stretching before him as far as he can see. Instead he launches into a glowing review of what else? How brilliantly the legal teams coordinated with each other during this big crisis. (Maybe he meant they avoided bumping into each other in the halls - there were so many of them.) Holy crap, I bet they've run up fat bills already. No wonder they made sure the council introduced the ordinance to approve a quarter of a million dollar loan for their legal fees before the year is out. Are we broke? Amazing how quickly they can work when it's in their favor. When was all this valiant work done, I'd like to know. Oh, I almost forgot; we don't have a right to know what went on in the kitchen. Before the council could ask why the same damn lawyers didn't write protections into the WFAgreement to begin with so that a long litigation wouldn't be necessary in the event of a default -- a point BTW which John Hamilton belabored ad nauseum, to no avail because Aaron wouldn't address it in the contract -- before any of this, Aaron had put his spin on it. Talk about turning a sow into a silk purse, branding the legal team heroes - not cockups! And, Aaron managed in those few moments to blame litigation over the plan in those early years for the unfinished redevelopment now. I don't know how many people caught that. He was referencing the lawsuits filed by property owners who wanted to be the developers of their own buildings and lots -- exactly what the administration wants the new plan to reflect. Bravo to Jimmy for that Bravado! Sorry, Brian, just had to vent that. Maureen --- In AsburyPark@yahoogroups.com, cbrianwatk...@... wrote: I'm always so perplexed at people blaming the town council, or implying that they are in charge of the decision making They are ceremonial at best,the City Manager (the most useless and money draining position in local politics) is the one pulling the strings And by no means is that directed at you Maureen, just a generalization of AP residents Sent from my Verizon Wireless BlackBerry -Original Message- From: radio881gal restore88...@... Sender: AsburyPark@yahoogroups.com Date: Mon, 13 Dec 2010 20:20:15 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Re: City declares Istar in default.in APP And why are these details discussed behind closed doors, Dorf? All these questions you pose are valid and there is no reason why the public shouldn't know. In fact, denying us that information is against the law. The appeals panel, in Nevin V Asbury Park, wrote that it defeats the spirit of the Sunshine Law for the City to share the details of a proposed contract with the other side of that contract and leave the public in the dark. So after that decision, the City began meeting with the other party with a subquorum of the council, two council members, instead of the three necessary to conduct business. The councilmembers gather information at these meetings and then meet in executive session with the full council to share these details. But at this point they are again in violation of the Sunshine Law. If the council wants to discuss their strategy, then the law allows them to go into private session for that purpose. But first the public should be informed of the terms that the other side - in this case iStar - is presenting or sharing with the subquorum members. What useful purpose does denying the public this knowledge serve? iStar surely knows the information, why shouldn't we? Maureen http://www.asburyradio.com --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@ wrote: The facts are pretty simple. Is IStar technically in trouble as co on the whole? Maybe, depending how you look at it. Hoewever, since their maybe going bankrupt, investors think otherwise, as their stock CLIMBED from the low 2.00 range to around $6.50 IF you
[AsburyPark] Re: City declares Istar in default.....in APP
Wow! First off, Brian lives in this town just like I do, and we see every fucking day what a mess has been made of this city. After what, a decade or more the lot behind the Empress has been cleared. And tell me this, what will it become? A parking lot? Where's the plan for it's future? I'd be willing to bet it becomes a parking lot. Barf. I've lived here for nearly 6 years, and as I approach the age of 50, I can honestly say AP has been part of my entire life. I live in a graveyard of destruction, and it goes on and on and on. I don't see anything with rose colored glasses, and Brian is right on the money, and shame on you Glenn for calling him out. He see's exactly the same thing I see. We have a weak local government. It's pathetic. Powerless. Zero balls whatsoever. The local rose colored glass wearing public is in total denial. Sure, progress has been made, but we are accepting marginal development as if it's the greatest thing ever. Total bullshit. I look out my living room window, and I see destruction. This city is a microcosm of a plague that affects much of the USA...homogenization and a total lack or care or respect to a cultural history. It's pathetic. Tear it down, and replace it with crap. I'm sorry, but I will not waver from my opinion that the boardwalk we now have is nothing more than a soulless strip mall. It will forever be inhabited by a rotating cast of characters that will never take hold, because they lack uniqueness and a sense of place. Once upon a time, there was a thing called architecture, and right now in the City of Asbury Park, it's being mocked. There is zero continuity. It's a mismatch of conflicting styles punctuated by acre upon acre of empty lots. Masterplan my ass. Our so called Historical society is a piece of ineffective crap. We have a historic Carousel House that contains the most dubious piece of garbage Xmas display ever. It's a joke. Here's a thought, put a Carousel in there. The Paramount is dark how many days a year? It's a theater, but it's empty more than anything. Finally, just in case anybody isn't paying attention, the Arthur Pryor Band Shell is done. Never, ever coming back. The roof is falling apart, and I'd be willing to bet everything I have that it will never be put back to what it was...something great. --- In AsburyPark@yahoogroups.com, dapawprint dapawpr...@... wrote: Brian, this is a City administration, not a town your first clue should have been the title City of Asbury Park. Before I comment on your Ceremonial statement, I would like to ask you what YOU have done to make a difference in the City of Asbury Park. You complain a lot, I got that. You brag a lot about your military service. I got that too. (those two coupled have earned you the moniker Captain McBragg by the way. When, exactly, does Captain McBragg take action in the City of Asbury Park? I do net see the Council as Ceremonial as I personally worked with the Council to get the lot next to The Empress cleared out. That lot has been cleared. I don't even live in Asbury Park. What have YOU done, Brian? Should Maureen be doing it FOR you? Should I do it? If you see this as a generalization of AP residents, then possibly, Captain McBragg should become Captain Action. I have fixed what I can, I don't LIVE within that City. Quite possibly, we have reached the time for you to stop bitching and take action. DO SOMETHING! Maureen is doing something... do you think she should save YOUR ass too? Wake up! --- In AsburyPark@yahoogroups.com, cbrianwatkins@ wrote: I'm always so perplexed at people blaming the town council, or implying that they are in charge of the decision making They are ceremonial at best,the City Manager (the most useless and money draining position in local politics) is the one pulling the strings And by no means is that directed at you Maureen, just a generalization of AP residents Sent from my Verizon Wireless BlackBerry -Original Message- From: radio881gal Restore881FM@ Sender: AsburyPark@yahoogroups.com Date: Mon, 13 Dec 2010 20:20:15 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Re: City declares Istar in default.in APP And why are these details discussed behind closed doors, Dorf? All these questions you pose are valid and there is no reason why the public shouldn't know. In fact, denying us that information is against the law. The appeals panel, in Nevin V Asbury Park, wrote that it defeats the spirit of the Sunshine Law for the City to share the details of a proposed contract with the other side of that contract and leave the public in the dark. So after that decision, the City began meeting with the other party with a subquorum of the council, two council members, instead of the three necessary to conduct business. The councilmembers gather
