supposed to be 100% of market value.
So if you bought a dump 8 years ago, the city never touched your reval like the
rest of M county. Even if you left it a dump for 8 years you would be hit
today.
In theory, the tax rate will adjust to stay in line with whatever figure they
put out there
--- In AsburyPark@yahoogroups.com, Dave dsher4@... wrote:
Dan,
Can you provide some insight as to what is likely to happen to real estate
taxes after revaluation? My worry is that the revaluation dramatically
increases the taxes to the people who have fixed up their homes and spend
i hear your point on fixing things up. However, some of these homes are
assessed on the NE side for 150k etc... and are worth 600-700k. Is the town
going to triple one person's tax so they can cut taxes to slumlords or people
who have let the property fall into disrepair. A revaluation is a
go back to Dan's response and add -
1. The homes in AP were never reassessed - despite every other town in NJ who
cashed in when the prices jumped for no real reason other then free money
2. So now, the city has such great timing, you're going to get reassessed when
prices are somewhat
that's why towns like to sell out to business and industry - or install parking
meters to raise revenues.
Towns that have big business don't have to pass the buck to the regular joe
property owner or go on their hands on knees to the state.
The problem is today, every town in NJ is now more
--- In AsburyPark@yahoogroups.com, wernerapnj wernerapnj@... wrote:
My first reaction took that as a condescending comment made from a
'high-horse'.
It was not condescending but genuine. You find the continual need to nitpick
and force others into your realm of conformity. The WRA is the
--- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@... wrote:
It was not condescending but genuine. You find the continual need to nitpick
and force others into your realm of conformity. The WRA is the redevelopment
agreement, contract or whatever you want to call it. That is correct
--- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@... wrote:
Stop living in the past. The current and effective terminology is WRA and
that should be used until it is changed. Using old terminology only confuses
the issue.
My first reaction took that as a condescending comment made
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
Omigod! We were there too, but on another civil matter! John and Ed
thought we were there too for AP! I started to stick my head in after we were
done but I thought the hearing was over. Sorry I didn't! I will be there to
support Ed, John and anyone else who
shows up! I was wondering
--- In AsburyPark@yahoogroups.com, Teddi Teddysea@... wrote:
Odds, against City (I'm not being negative, just the facts).
I am not a gambler. I suspect if City wins iStar will appeal in any event.
Still, City was right to litigate and to continue to do so.
Precedent, if
history repeats a
--- In AsburyPark@yahoogroups.com, wernerapnj wernerapnj@... wrote:
Yes but to those who have longer experience with this and the documents
involved take WRA to mean Waterfront Redevelopment Area.
May I suggest the Contract be referred to as the RA - Redeveloper Agreement..
to avoid
--- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@... wrote:
--- In AsburyPark@yahoogroups.com, Teddysea@ wrote:
Well, i'm feeling reckless today so let's throw out some ideas. Since
iStar owns the property but not the development rights then why don't we
restart our
--- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@... wrote:
First the WRA has to be officially dead, and it is not. That is part of the
court case (I assume). The WRA does not allow the city to take property in the
redevelopment zone without Partners' approval. That also I assume is one
--- In AsburyPark@yahoogroups.com, Vinnie tripvin@... wrote:
This story was fascinating to follow over the last few years as a fan of
Asbury, but as of 3 weeks ago I am now a taxpayer - closed on a 7th Ave house
:) and renovating now with my wife. We're very excited and are in - for
There has been some really good discussion here on this topic. Much of the
information about the history, the deals, the players and the current situation
is pretty spot on - as I can tell. I encourage everyone to continue these
discussions and show up at the city meetings and let your voice
As stated in court, iStar doesn't stand to lose the acreas of properties it
already owns and it has the right to develop them according to an amended or
replaced plan. The plan is just a resolution passed by the city council. It can
be changed at any time. The agreement between the City and
Thanks for weighing in, Russell. It's healthy for residents to be involved in
or at least informed and vocal about these proceedings.
In case you haven't seen it, I wrote a report on my site after attending the
court hearing the other day. It's at http://www.asburyradio.com There were
only
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
--- In AsburyPark@yahoogroups.com, oakdorf oakdorf@... wrote:
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 fill in from
grand then
--- In AsburyPark@yahoogroups.com, wernerapnj wernerapnj@... wrote:
Some clarifications to avoid any confusion, I assume you are taking WRA as
Waterfront Redeveloper Agreement (the Contract)
I used WRA, no? I know what I mean and I am correct.
--- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@... wrote:
--- In AsburyPark@yahoogroups.com, wernerapnj wernerapnj@ wrote:
Some clarifications to avoid any confusion, I assume you are taking WRA as
Waterfront Redeveloper Agreement (the Contract)
I used WRA, no? I know what I
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.
Yahoo! Groups Links
* To visit your group on the web, go to:
Maureen - thanks for the incredible detail on your blog. Grateful for that
level of info. I can't believe only 3 residents showed up at the court hearing
- I know people are working but 3 is pathetic. Does sound like iStar were on
their heels a bit and hopefully are getting a clear message
So - if I read all the comments over the last few days correctly it boils down
to this: iStar holds the city hostage and the only path to freedom is now
underway - suing to regain control of the WRA. The rest is noise. If I have
that right, what's the betting line look like? Odds to win and regain
Vinnie wrote, So - if I read all the comments over the last few days correctly
it boils down
to this: iStar holds the city hostage and the only path to freedom is now
underway - suing to regain control of the WRA. The rest is noise. If I have
that right, what's the betting line look like? Odds to
--- In AsburyPark@yahoogroups.com, Teddysea@... wrote:
Well, i'm feeling reckless today so let's throw out some ideas. Since
iStar owns the property but not the development rights then why don't we
restart our redevelopment. Why not find those old plans in City Hall that I
keep
Well, i'm feeling reckless today so let's throw out some ideas. Since
iStar owns the property but not the development rights then why don't we
restart our redevelopment. Why not find those old plans in City Hall that I
keep
talking about and dust them off. It actually would be a very
Two things:
First thanks very much for the feedback Arhythmick - one of my favorite groups
by the way - I try.
1 -The fall of Esperanza was in 2007, not 2009. The city has presented it as
part of the credit crisis, but it was really too early chronologically. (I know
the CDOs and CDSs were
I think the crux of the issue at this point is the following:
IStar is not going to back away from 70 million without a fight
They are not in a good spot right now economically so they will try to delay
things
I'm guessing they have a very prestigious law firm defending them who will drag
this
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
@yahoogroups.com
Reply-To: AsburyPark@yahoogroups.com
Subject: [AsburyPark] Re: Question about MM and Asbury Partners/iStar
Two things:
First thanks very much for the feedback Arhythmick - one of my favorite groups
by the way - I try.
1 -The fall of Esperanza was in 2007, not 2009. The city has
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
Reply-To: AsburyPark@yahoogroups.com
Subject: [AsburyPark] Re: Question about MM and Asbury Partners/iStar
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
--- In AsburyPark@yahoogroups.com, Dave dsher4@... wrote:
I think the crux of the issue at this point is the following:
IStar is not going to back away from 70 million without a fight
They are not in a good spot right now economically so they will try to delay
things
I'm guessing they
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
--- In AsburyPark@yahoogroups.com, oakdorf oakdorf@... wrote:
Ok - so what will the new plan look like.
Even with a plan and planners and architectual reviews - what got built
didn't resemble much of a plan.
And how long will this plan take? Does someone have something on the
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
Yahoo! Groups Links
* To visit your
Some time ago a group called Asbury Partners obtained the development
rights
for the waterfront area from the town of Asbury Park. They made deals with
3
sub-developers to build condos; Paramount Homes for North Beach to the
North; Metro Homes to build the Esperanza in the middle; and
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
Thanks, that's really helpful. It's going be interesting to hear iStar defend
their position on market readiness if there are in fact real sub developers
ready to spend money now. I'm torn between having a group like iStar
responsible for delivering a unified vision for AP, and just letting
Arhythmick¹s assessment below of the rights/responsibilities for the
Waterfront Redevelopment Area are fairly spot on. Many people have made the
mistake in assuming that Madison Marquette became a ³redeveloper² on par
(legally) with Asbury Partners. This is not the case. Prior to their
purchase
I wonder if any of these new potential sub-developrs are the same ones who are
very active right now on Cookman Ave...liike Carter-Sackman and others...
--- In AsburyPark@yahoogroups.com, Vinnie Tripodi tripvin@... wrote:
Thanks, that's really helpful. It's going be interesting to hear
I must say that my best source of information over the past many years has been
Maureen Nevin's coverage. Her consistent and very specific reporting of city
council meetings that I could never attend is invaluable!
--- In AsburyPark@yahoogroups.com, Educating for Justice jim@... wrote:
I have been trying to follow this as well. Here is my best guess of what is
going on. I am not sure of all the legal relationships (joint ventures, etc)
but here goes...
Some time ago a group called Asbury Partners obtained the development rights
for the waterfront area from the town of Asbury
I always do 20% because its easier to figure - 10% then double it.
--- In AsburyPark@yahoogroups.com, oakdorf [EMAIL PROTECTED] wrote:
It was just on on eof those yahoo leader stories.
TIPPING - how much is right?
15% not enough?
Tip on subtotal - not the tax?
And I'll throw these
--- In AsburyPark@yahoogroups.com, rkgsx [EMAIL PROTECTED] wrote:
I realize there are a ton of units for rent right now, but am I
missing something that is causing to not get rented out?
Don't do a free months rent. Try just reducing by 950/12 = $80 month
so you're at $870 month. That
--- In [EMAIL PROTECTED], Hinge [EMAIL PROTECTED] wrote:
Oh, and i'm not talking about the antiques store on main. I'm
talking about the one near The
Saint.
=
As the emblem indicates it was the Studebaker dealership building.
Oh, and i'm not talking about the antiques store on main. I'm talking about the
one near The
Saint.
--- In AsburyPark@yahoogroups.com, Hinge [EMAIL PROTECTED] wrote:
Werner,
I really dig the sign that is still attached to that building.
Do you know anything about it's history?
Jack
--- In AsburyPark@yahoogroups.com, Hinge [EMAIL PROTECTED] wrote:
Oh, and i'm not talking about the antiques store on main. I'm talking
about the one near The
Saint.
totally agree with you on that sign, can not give you an exact year
but i know it was there in th 1920s it is advertised as
Wow, there was a theater in there? Do you know anything about that?
--- In AsburyPark@yahoogroups.com, apoojo [EMAIL PROTECTED] wrote:
--- In AsburyPark@yahoogroups.com, Hinge hinge98@ wrote:
Oh, and i'm not talking about the antiques store on main. I'm talking
about the one near The
--- In AsburyPark@yahoogroups.com, justifiedright
[EMAIL PROTECTED] wrote:
Sorry Fred, but God didn't send Keady here to save Asbury.
God sent him here to aggravatge me.
And you us.
Yahoo! Groups Links
* To visit your group on the web, go to:
--- In AsburyPark@yahoogroups.com, justifiedright
[EMAIL PROTECTED] wrote:
Hinge,
I'm not bringing this up to put you on the spot or play gotcha or
anything like that.
You've probably read 100 posts from Dan slamming Jimmy John and
Kevin, and I don't recall you making these same
--- In AsburyPark@yahoogroups.com, Fred [EMAIL PROTECTED] wrote:
--- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote:
--- In AsburyPark@yahoogroups.com, Fred asburydogma@ wrote:
This entire board is mostly hearsay and BS
BSand opinion yes. Hearsay no. It is one thing
Am I having a flashback from my LSD days? Is the Casino, CH,
pavilions rebuilt
but I only see hulks?
Nah, it's not the LSD. But should anyone walk down to the waterfront,
the hulks on display are what the city's gonna get from this Master
Con-Artist.
Yahoo! Groups Links
* To visit
Exactly.
--- In AsburyPark@yahoogroups.com, Fred [EMAIL PROTECTED] wrote:
What would this city become if Keady had the majority votes on
Council?
Answer: Nothing but Soup Kitchens, Homeless Shelters affordable
Housing
Units and Basketball Courts. Bye Bye AP
Yahoo! Groups Links
--- In AsburyPark@yahoogroups.com, Fred [EMAIL PROTECTED] wrote:
--- In AsburyPark@yahoogroups.com, justifiedright
justifiedright@ wrote:
I hear Keady wants basketball Courts on the boardwalk on the Green
Acer Properties. That would be good for tourist.
I hadn't heard that. If
--- In AsburyPark@yahoogroups.com, dfsavgny [EMAIL PROTECTED] wrote:
--- In AsburyPark@yahoogroups.com, Fred asburydogma@ wrote:
--- In AsburyPark@yahoogroups.com, justifiedright
justifiedright@ wrote:
YYou should ask him
I hear Keady wants basketball Courts on the boardwalk
--- In AsburyPark@yahoogroups.com, [EMAIL PROTECTED] wrote:
I was told he thinks God sent him here to save Asbury Park.
Does Mr. Keady live in low income housing? Is there a basketball
court next
door to his home?
Just wondering what's in it for him to have homeless people
I was told he thinks God sent him here to save Asbury Park.
That's a low, unnessasary blow.
What is all this anti-Keady crap going on here?
Is it because the upcoming elections have everybody stirred up?
You know what, if people here are so anti-Keady, why not talk to him directly
about it
Everyone has right to their opinions, last time I checked Asbury Park is in
America.
If you can't stand the heat get out the hot
kitchen(smile)
Just Facts Sir Just The Facts Sir!!
__._,_.___
SPONSORED LINKS
--- In AsburyPark@yahoogroups.com, Fred [EMAIL PROTECTED] wrote:
I was told he made that comment in front of a few people.
Cue for Thomas DeSeno, Esq. to pipe in and tell Fred what they call
that in court (hint: hearsay = bullshit that cannot be confronted).
Ever hear of something called
Oh really?
I was told by people that in certain parts of the world, pigs can fly.
--- In AsburyPark@yahoogroups.com, Fred [EMAIL PROTECTED] wrote:
--- In AsburyPark@yahoogroups.com, Hinge hinge98@ wrote:
I was told he thinks God sent him here to save Asbury Park.
I was told he made
Dan,
In reference to your comment:
I only bothered with TD because he is so vocal
in TCN
Ditto!
From a non-dittohead,
MarioOriginal Message
Subj:
[AsburyPark] Re: Question
Date:
10/23/2006 7:41:21 P.M. Eastern Standard Time
From
Sorry Fred, but God didn't send Keady here to save Asbury.
God sent him here to aggravatge me.
--- In AsburyPark@yahoogroups.com, Fred [EMAIL PROTECTED] wrote:
--- In AsburyPark@yahoogroups.com, Hinge hinge98@ wrote:
I was told he thinks God sent him here to save Asbury Park.
I
--- In AsburyPark@yahoogroups.com, Hinge [EMAIL PROTECTED] wrote:
I was told he thinks God sent him here to save Asbury Park.
That's a low, unnessasary blow.
What is all this anti-Keady crap going on here?
Is it because the upcoming elections have everybody stirred up?
You know what, if
--- In AsburyPark@yahoogroups.com, dfsavgny [EMAIL PROTECTED] wrote:
--- In AsburyPark@yahoogroups.com, Fred asburydogma@ wrote:
This entire board is mostly hearsay and BS
I was told he made that comment in front of a few people.
Cue for Thomas DeSeno, Esq. to pipe in and tell
Perhaps it's because i've only been aware of this message board for about the
last 4 or 5
months.
--- In AsburyPark@yahoogroups.com, justifiedright [EMAIL PROTECTED] wrote:
--- In AsburyPark@yahoogroups.com, Hinge hinge98@ wrote:
I was told he thinks God sent him here to save Asbury
--- In AsburyPark@yahoogroups.com, [EMAIL PROTECTED] wrote:
a council gadfly
Leave it alone, its better than critic and because Tommy
started it, she
happy
gad·fly(gdfl) KEY
NOUN:
A persistent irritating critic; a nuisance.
One that acts as a provocative stimulus; a goad.
--- In AsburyPark@yahoogroups.com, jerseyjohn99 [EMAIL PROTECTED]
wrote:
No, not libel just the truth.
From the APP article today:
http://app.com/apps/pbcs.dll/article?
AID=/20060304/NEWS01/603040387/1004
Rita Marano, a council gadfly
I don't have a dog in this fight, but to me
Maybe she's happy, but I'd prefer my media to leave personal opinions
biases out of the news.
Should we expect to see citizens labeled in future editions of the APP?
Maybe Nancy can publish the enemies list and everyone can see what
the council's opinion is of them.
--- In
--- In AsburyPark@yahoogroups.com, jerseyjohn99 [EMAIL PROTECTED]
wrote:
Maybe she's happy, but I'd prefer my media to leave personal
opinions
biases out of the news.
Should we expect to see citizens labeled in future editions of the
APP?
Maybe Nancy can publish the enemies list and
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