I still think that the key to holding Asbury Partners feet to the
firse is for the city to be reluctant (forced) to exercise its
powers of eminent domain, and perhaps, make it easier for property
owners to slip it. Below is a quote from APP on the Britwoods
decision. It's the last sentence I like.
"Aaron said other examples of properties that were renovated and
would be in the same category of the Britwood are the Empress Hotel
and the Berkeley Carteret Hotel.
"It's any of those not to be taken by eminent domain," Aaron said."
Right now, Asbury Partners is in no hurry to actuall condemn
properties because it has to pay for them and if they don't have a
buyer, why spend the money. This might heat things up since they
will obvioulsy want to close the loophole in the infrastructure
based upon this decision. There is always the threat that those not
condemned, will not have to contribute, and the longer they are not
condemned, some other decision may come through. This can probably
get Asbury Partners to the table on several issues, including
working out a fair deal with property owners in lieu of condemnation.
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/
