In the first line, seller should have read purchaser as follows. When the seller relies on a lawyer, paid for by the purchaser, what chance is there that that lawyer would or could do anything of benefit to the seller that might be a hindrance to the purchaser. What manner of man or lawyer is capable of simultaneously serving two masters?
This stinking deal was never intended to give Asbury a fair or equitable chance. > --- In AsburyPark@yahoogroups.com, [EMAIL PROTECTED] wrote: > > Your point is well taken. The City sold/gave Asbury Partners the beach > > front sites because they wanted something done with them to move the > > City's revitalization forward as soon as possible. Asbury Partners has > > waited and will wait until the area is well under way and they can flip > > the properties or obtain financing easily. We didn't need Asbury > > Partners for that - we could have done that ourselves. By waiting they > > destroyed the entire benefit of the contract which was, in spirit and > > intent, "time of the essence." I think that the City Council would > > have held on to the properties had they known that Asbury Partners > > intended to just sit on everything. Of course our city attorney could > > have put real time limits and reverter clauses and/or penalties in the > > agreements. > > > > -----Original Message----- > > From: Lighty <[EMAIL PROTECTED]> > > To: AsburyPark@yahoogroups.com > > Sent: Tue, 31 May 2005 23:32:59 -0400 > > Subject: [AsburyPark] Deju vu (all over again) > > > > "Asbury Park does not have sufficient debt capacity to bring even > > Convention > > Hall up to current standards, and we could do so only at the expense of > > our > > already tax-burdened residents. > > > > While we believed that Convention Hall alone needed from $8 to $12 > > million > > in repairs, a recent, more thorough inspection indicates that structural > > decay is considerably worse than anticipated. Without immediate repairs, > > that structure - along with the pavilions, the old heating plant, and > > the > > rapidly disintegrating Casino - will deteriorate well past the point of > > saving." > > -- Kate Mellina, MARCH 28, 2002 > > > > > > What is written above is why many of us sound "negative" on this board. > > The > > fact is that, for whatever reason, the Council put their faith in Asbury > > Partners to do the things that the City could not do. The City needed > > help > > because it was broke. The problem is that here we are three summers > > later > > and how much money do you think has been put into restoring Convention > > Hall? > > I would seriously doubt anything over $1 million. > > > > How much has been put into restoring the Casino? Or the Pavilions? > > > > If the plan is to wait until the residential occurs then the real plan > > is to > > wait until these structures are beyond repair. Redevelopment plans > > should > > not be set in stone. If things need to be changed, changes should be > > made. > > That is why we're speaking up. > > > > > > > > > > Yahoo! Groups Links Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/