From page 7 of the proposed redevelopment plan:
In Asbury Park, the Waterfront Redevelopment Plan, originally adopted in 1984, and the subsequent redevelopment agreements, also established a process by which the City-owned pavilions and buildings would be conveyed to the redeveloper, while the boardwalk and public spaces around them would remain publicly owned.
And here’s what Asbury Park residents had to live with for years when the developer the city chose went belly up:
And Asbury is just a small example of the hazards inherent in these types of endeavors. Look at what happened with the Zanadu project in the Meadowlands and with the ongoing Atlantic City fiasco.
3 Comments
Don’t stop with this photo. Put up the photo of what took its place. Another job started and then walked away from. Three years and counting now.
joegoofinoff…
I didn’t know that. What’s there now?
The Structural Steel job was wrecked, but another building (poured concrete) was started and walked away from just like the one pictured. Only you can’t see it from a distance. But if you go up there, it’s sitting there on the same sight not completed just like the other one. They never completed the first floor all the way round on the one that’s there now.
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