Thanks John,
perhaps were getting close/might be time (since John Kaye will be
busy) for the FBI to get to the bottom of this.
--- In AsburyPark@yahoogroups.com, "jerseyjohn99" <[EMAIL PROTECTED]>
wrote:
>
> Thank you Skip. I was told by knowledgeable sources in the summer of
> 2000 (before the Real Estate boom in Monmouth County) that if the
> state was to take over Asbury Park, real estate values would
> immediately explode at least 5 fold. For precisely the same reasons
> you mentioned. Dropping the tax burden alone would have caused real
> estate values to raise more in line with the surrounding
> communities, and having several developers working on the Oceanfront
> would have led to a "Oklahoma land rush" type arrangement which
> would have injected millions of one-time revenues into the City's
> coffers.
>
> Incidentally, these same knowledgeable developers explained exactly
> WHY Asbury would find a way to avoid allowing the State to takeover
> its finances & take a look at its operating procedures. It seems
> people in city government did not appreciate auditors snooping
> around into how they did business, and would do ANYTHING to avoid
> their practices coming out in daylight. I didn't quite understand
> what they meant until Terry Weldon resigned the day the Oceanfront
> agreement was signed.
>
> --- In AsburyPark@yahoogroups.com, "Skip Bernstein" <[EMAIL PROTECTED]>
> wrote:
> >
> > Asbury was near bankruptcy, the waterfront was tied up in the
> courts
> > and no one else wanted the deal. Bull!
> >
> > Had Weldon not sold this lunacy to council the state would have
> > stepped in and taken over. Know what happens then? New Jersey
> isn't
> > going to continue to tolerate a Connecticut court screwing around
> in
> > its backyard, and rather than give away the last best buildable
> site
> > on the Atlantic for pennies on the dollar they alone could have
> dealt
> > with the horrible imbalance of tax burden and ratables. They'd
> have
> > done this to insure that a rational offering of parcels to bonafide
> > developers would result in building not flipping, and as bonus we'd
> > not be fretting over the likes of The Fishman raping historic
> buildings.
> >
> > As to "Is Asbury Park a better place to live now than it was 4
> years
> > ago?", consider the proposition that if you've not had rain in 40
> > years, suddenly it rains; who do you credit, some guy doing a rain
> dance?
> >
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/
