He absolutely should return the money.
Also, I read somewhere where somebody stated that Geibel was committed
to Asbury Park. Maybe that comment was from him directly. Either way,
his insensitivity to our community is completely evident by his
actions. He just doesn't get that leaving a partially constructed
building on the site of C-8 does nothing but slap the community in the
face. All the rhetoric about finding a way to move ahead with the
project is BS. In my opinion, it's not going to happen.
And once again, we'll face summer of 08 accepting a marginal amount of
work as progress. We now have an ocean front area filled with shut
down business's, emptied apts and acres of unrealized potential. And
with the failure of Metro, we're now back to a depressingly blank
slate and yet another year of a sad looking area. Meanwhile, Pt.
Pleasant will flourish because they had the insight to keep their
boardwalk an entertainment area and not give it away to condo developers.
Wake Up Asbury Park.


--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote:
>
> My daily "Return the Money, Dean" column.
> 
> Let them spend it elsewhere, Mr. Geibel.
> 
> South Beach and The Savoy Conversion. good article. Goes back to my
first article in 2005 
> and the Miami market. Luxury conversion or development fails as well.
> 
> http://www.nytimes.com/2007/08/25/business/25real.html
> 
> MORE importantly, Mr. Geibel, read the last paragraph:
> Ms. Lenz said that her brokerage firm returned the deposits that
buyers had made and closed 
> the sales office this summer. She said that in the last several days
she had received calls from 
> potential developers inquiring about the project.
>




 
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