So assume they lose the master developer right (unlikely).
They still own the land.
Their value is in the land which a new developer can come along and buy based
on the right to develop something. If they can build a one bedroom house on
one acre, then they would need to find someone who
At least the judge made a quick decision - he read the contract. Arbitration.
Like I said, could of had a couple beers and a burger and read the contract.
I always tell people, contracts are worthless because anyone can bring anyone
to court regardless.
You can sign a lease for $10,000 per
1. The original plan/sketch for wesley grove looks nothing like what was
built. A cheap version. And not to offend anyone that is happy that they made
it a home. Some got in high and are happy and some got in low and are happy.
Personally I think and have always said it's one of the ugliest
Show me a developer where their primary purpose is NOT profits
every govt project.
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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
fyi on the skills question:
about a year ago I started a linkedin.com group titled Asbury Park.
About 58 people have joined so far.
http://tinyurl.com/4dfsjod
The idea was to know who has what skills that may be used as a local resource.
Local businesses may call on, the schools etc.
The 56 acres I thought was the number. If you take out out the boardwalk you
probably have 45 acres. If you were to calculate equivalent sq footage of 3000
condos and retail you might wind up with 230 acres therefore a city within a
city.
For boredom sake ap is around 930 acres.
Back to real
1. What if Partners is reviewing what WAS planned - and is coming up with a
revised plan?
2. What if they want to and can recapture a major portion of their $ by working
the infill area first - selling off those rights/land to a subdeveloper? That
would mean the ED may be used and they can
Let me clarify. What if they first seek to develop the western most portions of
the redevelopment zone and work east. The low to midrise area west of kingsley.
Curious to see lawsons decision.
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Commercial construction is starting to show signs of life across the country.
We analyze this stuff for a living at my firm, it isn't in the papers yet
but it will be. How do we make sure we don't miss the next round of
redevelopment while istar delays a decision on the beachfront for
Ps, on Dean Geible/metro
when he was giving one of his speeches and how rosy things were, claiming there
were about 70 units sold (of 210) and the building would be complete in a
year...he was far off on both. yea he was glowing in his relationship with
The Donald all the while Donald's
But what we can do with this litigation is to gain leverage to rework the
plan and make things go forward in the best interest of the city. What the
city needs are good development minds assisting it.
Ok - so what will the new plan look like.
Even with a plan and planners and
Like you said economic conditions. And the landowners subz and city in a
partnership. Build ovenview one bedroom plus rentals. At least some. That's
want is wanted. At a fair price of course.
Thought you retired.
O
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1. IStar held a note/mortgage. Their collateral LAND AND DEVELOPMENT RIGHTS.
2. They foreclosed, no one else bid, so they get it back. It (land and rights
belong to them)
3. They look at the asset again. They see thye have liabilities (vacant
buildings). They clean up the mess.
4. They
haven't seen him since around 1981...
--- In AsburyPark@yahoogroups.com, Teddysea@... wrote:
Hi:) Does anyone know Bob Evans. I'm trying to reach him but haven't
seen him in years. He does/used to do commercial refrigeration repairs.
[Non-text portions of this message have been
how about paul samperi's. But I think there might of been another one as well.
it was torn down for a medical building.
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also emerson's steak house.
--- In AsburyPark@yahoogroups.com, oakdorf oakdorf@... wrote:
how about paul samperi's. But I think there might of been another one as
well.
it was torn down for a medical building.
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Cookman ave isn't the mall. Everyone has their own hours and some businesses
can't stay open the hours. I see cookman ave as more a weekend stop to walk
around - kind of like the boardwalk. No real destination must stops.
I've posted this before - if I'm showing someone a property for sale or
--- In AsburyPark@yahoogroups.com, jandlinap jandli...@... wrote:
And shovel for who.. last night 3 i repeat 3 business open on Cookman... and
it was dead. The business owners are tired, and worn out
as with eveyone in town are trying their best. Its worth the effort to
support our
the liquor laws have been tinkered with anyway - using adjoining property to
use one license to operate 2 or more establishments...
Should you pay $8 for a glass (or half glass) from an $8.00 bottle of wine?
They have to cover their rear - and their insurance once you add liquor.
years ago
You are most welcome - I am still a student of Asbury Park in spite of the
City having tortured me for 10 years.
An interesting passage is...
...How, then, can claims against a financially embarrassed city be enforced?
Experience shows that three conditions are essential if the
Is it me or not? If you own a business and you have a sidewalk out in front,
why not take about 5 minutes and knock the snow bank down so someone can walk
from the street into your business? And you wonder why no one comes in.
A shovel is $12 or less and bag of salt.
And exercise - I lost
I will never be subject to this imcompetence again.
that's why soon to be old folks like me and you belong in Fl this time of
year...
Ok. The comparison to Iraq was out there...
AP, like many other towns, STATE and COUNTY roads were and some still are
screwed up. And I've been from AC up
Give everyone capable a shovel.
There were quite a few guys asking for $200/hr who had a plow.
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President
Mayor of ap
Council member
City manager
city engineer
Plow truck driver
Coaching the giant eagle game
School board president or board member
School teacher
Owner of boardwalk
developer
radio show host
Director of events for paramount and ch
Police officer
Be happy you have snow and figure it out. You could be in a worse place.far ar
away
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Verizon Wireless BlackBerry
-Original Message-
From: oakdorf oakd...@...
Sender: AsburyPark@yahoogroups.com
Date: Tue, 28 Dec 2010 15:01:05
To: AsburyPark@yahoogroups.com
Reply-To: AsburyPark@yahoogroups.com
Subject: [AsburyPark] Re: Has anyone seen a snow plow yet
35 is partially
Now the people on the east side get a small sample of what the people on the
southwest side dealt with on a different scale.
We have cars and can't drive.
There are so few jobs that people can't telecommute for a day or two...unless
its critical care. You can do facebook and shop from home
Well so far norwood ave who h county is a mess as still is rt 35 and 138 .
--- In AsburyPark@yahoogroups.com, wernerapnj wernera...@... wrote:
I was able to free my vehicle this afternoon and enter the public road, 5th
Ave East of Grand . We have a serpentine one car width path with a 15 feet
Did any of you ever try to plow 3-4 feet of snow - with cars stuck in the road?
Front end loaders are one of the only ones to start making a path.
In ot, we just got plowed out 7 am Tues . The county hasnt been able to clear
all of norwood ave.
With layoffs and v-days and limited equipment
and then trying to address it is clearly
irresponsible.
Certainly there can be extenuating circumstances (available resources,
equipment/manpower), but the basic process is well known.
Werner
--- In AsburyPark@yahoogroups.com, oakdorf oakdorf@ wrote:
Did any of you ever try to plow 3-4 feet
we all cn do everything better.
worse if your trying to manage commercial properties and clear lots. Some towns
REQUIRE you to REMOVE all the snow - no mounding of snow.
just hope you dont get tickets for not shoveling.
enjoy the weather.
Our daily problems are so minimal compared to
Nioe job.
No response because I guess you did it all on your own with your (and friends)
own $.
It's amazing what you can do on your own with a little thought and creativity
and luckily no government interference or $.
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Reidy said he does not yet have funding for the police raises and has sent a
plan to the state Division of Human Resource Management to lay off up to 35 of
the department's 94 officers, if necessary.
This isn't anything new.
The city simply can't afford to pay salaries - let alone the
Brian forgot to take a another bow for being in the armed forces...
he deserves to be branded whatever he earned.
Since jack and I nearing aarp membership, we can probably recalling being
REQUIRED to sign up for a possible draft around 1979. I reluctantly went with
my buds - and said something
--- In AsburyPark@yahoogroups.com, Hinge hing...@... wrote:
So, are you turning 50 next year too?
It's interesting to see how the tone of life changes over the decades.
June.
someday, when I'm 50, just wait
My mother-in-law moved to The Villages in central nowhere land in florida.
--- In AsburyPark@yahoogroups.com, dfsavgny dfsav...@... wrote:
Don Sammet is smart. So is Brian Grant. Terry Reidy is smart too and
ultimately fair I believe.
all good points.
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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
A msut see.
Makes you think about AP.
In it, everything AP is about.
Sex money music hopes dreams and real estate development (not a bad heading)
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In the clip, $250,000 bond to litigate.
In the clip, wonder if Partners gave away some rights to MM (you'd think that
would of have to been approved by council).
Also, Metrohomes goes to auction, unless delayed...
City realizes that they could miss next development cycle (this is true,
those
Oakdorf's comment about measuring success by his kids having jobs and reading
history books is laughable. If that's the majority opinion AP is doomed.
What's the anticipated tax rate when the State stops funding the deficit?
Laugh all you want.
They work in the city. Their friends
closed. Will reopen under a different theme/name (Cuban??) in March.
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--- In AsburyPark@yahoogroups.com, teddy...@... wrote:
The City also would not offer any long term leases that
would make it feasible for anyone to invest in a business. When the
developer came along, the City took away all restrictions.
That's the truth...
--- In AsburyPark@yahoogroups.com, new_beetoap newbeet...@... wrote:
I guess the immediate impact between you and your kids is positive. Don't you
look beyond that? That's all you consider? I hope you're kidding - right?
Nope.
It's not shangri-La. It's Asbury. Always was, always will be
Maybe Helen P can discuss this -
1. It's been about 100 years since people didn't like what Bradley did to his
land/development. They wanted different.
2. It's been about 30 years since rights were originally handed off.
Celebrate.
Celebrate in AP.
How you measuring progress?
I see progress as I have two kids now employed by an AP merchant.
For me, that's progress - I'm not handing out gas money or clothing $ to them.
Progress.
Next summer, my 12 year kid and me will be celebrating my 50th and her 21st...
We're going to have a drink or
If they go into bankruptcy, it triggers bankruptcy provision of WRA. We might
be able to get the whole thing back.
And that contingency plan is.?
Jump in bed with MM?
Block by block sales?
RFPs?
And how long will it be stalled out in courts?
Will another Bankruptcy
The real problem.are the little leave and pop warner systems. They
Make families go begging for dollars and make us send our kids on the streets
begging for cash to go to far off prince places for most americans. The
national leagues and sponsors should foot the bill and be happy with what'd er
Asburyboardwalk.com see
--- In AsburyPark@yahoogroups.com, ike24shore ik...@... wrote:
Years ago (1960's/70's), there was a ride on the boardwalk in Bubbleland with
little two-seat cars (all different colors) that drove around on a wooden
track. My favorite ride as a child! There was also
--- In AsburyPark@yahoogroups.com, arhythmick arhythm...@... wrote:
Summer of 2010
-Retail sales up 70% over 2009
-Restaurant sales up 30% over 2009
-Beach badge sales up 200% over 2009
-Madison Marquette currently reviewing 47 different businesses/business plans
who want to move into
I doubt, and have doubted for years, the ability of AP to support an
additional 3,000 condos.
Depends. Depends on where you price it, amenities etc. Need a better mix of
apartments, condos, hotels etc - and then your mix of retail.
A well thought mix from starter units on up and you
Buying istar stock on their bad news and you would of had a great investment.
Its only an investment when you cash out.
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In the Community reporter section of the press, a note about the Ocean Place
Resort in Long Branch going into foreclosure and the report the Kushner may go
after the note (the loan) and maybe control of the hotel and the planned
expansion/redevelopment rights.
following the money...
Sell
--- In AsburyPark@yahoogroups.com, Helen Pike helenpike2...@... wrote:
Culture changes. Public taste changes. So does public policy. And the flow
of
money.
Exactly. We should all be wearing suit and ties at midnight on the boardwalk
and having a good smoke. Nice honest night out with
Honestly. no one ever liked it the way it was. It always needed change - all
through history.
old, modern, not like it was when I was a kid,,,
As two old farts, we might of liked what it was (or what we thought ti was)
when we were 17, but the 49 year old guys then saw it was the end. All the
1. Be happy that the streets have been getting repaved all around AP. Don't
think this is costing AP taxpayers a dime - is it?
2. Wonder what would of ever happened if Madison Marquette never came along (as
kooky as you think the guy in charge is)
3. What would of happened if Partners never
Radical?
Tons of money (well tens of thousands) get dumped into various marketing
campaigns that are more or less temporary - where's the consumer retention of
the marketing efforts?
Again, it's not the landlord's responsibility.
If the landlord wanted to run a business - they buy the
Well, you named all successful businesses that started with a dream and hard
work. PlanB is creative in their ad/offerss and marketing with other merchants.
With maybe 30 places to eat now or more in AP, everyone is after the $.
I don't know if they received any gov't help - in the way of low
1. You do and excellent job of promoting yourself and the DT. Tjhat's good.
It's your business and you ahve bills to pay.
2. The landlord wants a good tenant. The landlord is your partner. The landlord
has his bills to pay - even when the tenant doesn't pay the rent - guess what -
the
and if I had a businness that wasn't cutting it - I wouldn't stick around to be
a hero - I'd look elsewhere as well - better rent, location, support,
community, people, landlord etc.
Nothing worse then paying to lose money.
1. Internet.
2. Flea market
3. Fair.
4. New location.
It's easier to count cups (well almost) or calculate a liquor profit -
sometimes.
Lots of old time leases and landlords took a base rent PLUS a share of the
profit.
The problem today - the internet. If a retailer sticks a computer in there
store and someone buys from the retailers
More new programs. How confusing can you make it for the kids??
Given $90m, I just came up with to try:
1. Just eliminate the current system.
2. Use the money and hire EACH kid a private tutor for four hours a day, then
send the kid into a group of 10-15 for study and hw time.
3. Take extra
biggies clam and laplacca pottery. . . . . . .and...
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I would of done a simple chart - showing how philanthropic AP is today.
And you can bet if those rules are too tight, back to court they go. And who
will enforce the rules?
The city has long been, and still is, a dumping ground.
Maybe you should check out where the judge(s) lives and go for
Come on, where's your philanthropic heart?
So it's a car lot (can you repair cars inside), it's a hotel, rooming house,
soup kitchen, drug store, religious facility, school, rehab center and and
and.
The state mandates it.
They can't do a background check (they can ask permission from
the mobile event app sent out by gilmour this am may crash your droid. it
didn't have a password then started looping. finally was able to kill it.
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another reason why dress-down or business casual means different things to
different people.
Everyone should just wear uniforms to work.
And never complement anyone on how nice they look today - male or female.
Go to work, don't socialize, don't ask anyone to lunch, don't laugh at jokes,
thanks werner for posting this.
To sum it up - the Jury award stand for Jersey Apartments and Rich D walks away
with a nice payout and the city has a nice big code violating crumbling POS on
it's hands.
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I still get emails to asburyboardwalk.com from people who have great memories
of the old AP - here's one that came in today. Enjoy.
(PS - email to me is permanent - not a tweet or a FB entry about wow..)
Read on:
Hello from sarasota Florida... afriend sent me this web site and we so
We're sorry, this theater has not delivered showtimes for the date you
selected. We are currently in the process of contacting theater management.
Please check back for updated information.
On moviephone.com - the Baronet.
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The trick is NOT to call IStar. When you do, they call the wrecking ball - just
like the apartments. So you should call on all the other junk they own.
Since you know of a group that has several million to spend, I can think of a
couple other spots that would make a nice theater
1. The 200
http://therealdeal.com/newyork/articles/istar-financial-faces-potential-collapse-fitch
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FYI -
If you ever see a fish hook or lure on the beach - pick it up and toss it in
the trash if it's no good or give it to a fisherman.
I had an experience the other day while with my dog on the beach in Deal.
I was sitting and relaxing for a few seconds after a nice walk with him - then
You're screwed. I've been telling you that for years.
The free ride sooner or later has to wind down. You have to pay your own way.
The $11 million was just another gift to hide the financial disaster hiding
behind years and years of will be covered in next years budget.
That's why when I see
50c on the dollar - it was a gift then. A gift to what may have been described
as a city viewed as so corrupt, no one even cared if it was on the ocean. What
was the city supposed to do? They didn't want the state involved, scuttled a
million other bozo plans and not so bozo plans.
As least
He talks about what he does for a living. Vulture. They loan money and invest
money - all for a return.
They buy tax liens. That enables a town/city to carry on business. I had a tax
lien on a property I own. The town sold it. They buyer - sass. 18% interest.
They don't get the 18% because
--- In AsburyPark@yahoogroups.com, radio881gal restore88...@... wrote:
. Just watch those property tax revenues crumble to the ground and blow
away...
Be happy you still get 95% of the monies you need to run the schools from the
STATE.
The city still cannot function as an independent
What was wanted in AP:
Burned, collapsed or was simply leveled.
One of these days, someone will come up with an entertainment square - sure
it will be the original - but it sure can tie on the downtown, the boardwalk
and the residential areas. I'd to make it real - as I said I'd tie in all
1. Support the local merchants.
2. Be rather funny if the fish were to return - if IStar can't pre-package
and rather files for bankruptcy straight out.
3. Get rid of the tax liability, knock em down and build parking lots instead
of real ratables. I know,it's not permanent.
on IStar stock comments (from a stock blog)
Given the news (iStar Financial is mulling a strategic bankruptcy), the company
should ultimately come out of it - if it happens - cleaner, and technically
make SFI more valuable rather than less valuable. The problem is, there's a
psychological
It's a weird thing the Baronet.
Thinking back since I was around 3 and my parents lived in Wanamassa (that was
around 46 years ago according to the calculator), I never went into the
baronet. Parents never took me, I never went etc etc.
All I remember of it was it being closed or a porn palace
I might of posted this a few years ago.
There's another theatre on 7th right off kingsley. It was the Adams Novelty
company - you know those hand buzzers and all sorts of neat junk you get at
parties etc.
Now it's a warehouse - for as long the owner keeps it from the partners and
eminent
Their new plan is to operate parking lots.
This is what happens to govt retirement plans that the govt still guarenetees
to those that contribute - the states cover the losses for having the
contributors monies mismanaged.
hedge funds, money markets, reits and the stock market is general is
Why not? Join the crowd. They are sitting on a bunch of worthless (compared to
what they gave out) promises and fantasies.
Madoff went to jail. In the real business world, you don't go to jail for f'in
up with other people's money. You still get paid, get bonuses or just issue
more stock to
Sometimes things have to be changed. History has let us ship jo s ooverseas
and kept us to a gas engine.
If it were me i would of torn down 3/4 of the downtown and incorporated wesley
lake in a new downtown.
I read a quote a few weeks ago from a respected architect...history is expenso
e to
Got your attention?
As gathered from listings in the Monmouth MLS (Multiple Listing)
1. Single family homes in AP YTD - no change. 19 home single family homes sold.
Avg home was in the $200-$250,000 price range (12)
2. Condos - 43 sold YTD (most in the $100-150,000) range.
The 200% increase
-
A couple things.
1.
The owners are no dummies.
There's plenty of smart money playing with the banks...
I know you gave me $135 million and somehow, you really thought our
projections were good...but guess what - we (and you) goofed - so work with
us...or you can have it
2. By the
Iphone apps are about one percent or less of internet access. Well it depends
on what you are promoting. Apps on mobile devices will. Continue to grow. I
gave up the blackberry. I love the droid. In the near future mobile will
replace the laptop or desk as first point of access to the
What makes people think an owner of a building has to give them something - for
free?
The building needs a carousel. THAT would bring MORE people in. At least, from
my past experiece and what I see today. There's plenty of places for a musuem.
It's hard to listen to people when they don't
The night of the concert there was alot going on
people were sitting, climbing anything they could to see...
They were siting and standing on the tops of the containers of the toilets-
and not being told to get down. It was a zoo.
then again, it was also a zoo this saturday night as well.
...those clouds of smoke didn't seem like it was from the fireworks.
I kind of thought they made pot legal between first and second - the boardwalk
to kingsley the night of that concert.
Future residents, those damn kids.
I know my kids had fun - so they said.
Saturday night it took ten
they don't get it - or they felt they made enough money for the day.
You can do a whole day on those nights from midnight to 3 am. We used to close
and COME BACK and reopen for the AFTER CONCERT crowd.
At $3 or more a slice - I'd be open. I don't care how much I did all day.
But that was
.
--- In AsburyPark@yahoogroups.com, maubddny filecabinet...@... wrote:
good news.. we need some parking lots on 2nd between bergh and Kinsley.
Bring in the bulldozers before the Jersey Apts collapse onto the street.
--- In AsburyPark@yahoogroups.com, oakdorf oakdorf@ wrote:
as the vacant
as the vacant apartments get knocked down @ 8th ave.
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Well, let's go the other way.
My buddy finally got a few days to himself as his wife and kids headed west.
So I made plans to do something fun -
I asked him so where do you want to go (he lives in brick)
- AC
- Game in NY (mets were home...)
- anywhere - anywhere
Friday night it was the
--- In AsburyPark@yahoogroups.com, cbrianwatk...@... wrote:
Mottola is a jackass
Imagine you have to hand over hundreds of millions of dollars to invest to
someone. The money you are handing over isn't even your money to hand over.
It's called money management - Trust Management
What I
Oh great, more publicity.
Now where is everyone going to park?
And by August 15, I can't wait for those Autumn days.
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1. Burn down the boardwalk.
2. Close the Stone Pony
3. Let medical waste wash up on the beach
4. Board up the downtown
5. Tell everyone AP is a ghost town
.
1. NEw development must have more then 1.5 parking spaces - not including
street parking.
2.
If you don't pay any rent out of your own pocket (all paid by the government),
should you be getting directtv or cable (I don't think the govt is paying for
that, unless you're in jail).
Or should you be forced to watch the generic stations that wind up on your tv
/ receiver?
Should that
Failure or success?
1. While it mwould nice that everyone worked on the boardwalk lived in town and
can walk to work safely 0 that's not the case.
- Since MOST of the time there's plenty of the room in the lots, MM or the
employer should issue employee parking permits. That way the kids
501 - 600 of 3407 matches
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