Monday, December 19, 2005

Pact with the Devils

Has Singer & com. discussed this yet with the entire community? Is that a heretical idea?

APP:

..The Devils are negotiating with Lakewood to build a $40 to $50 million arena across the parking lot from FirstEnergy Park, home of the Philadelphia Phillies' Single A affiliate. If approved, the township would build a 7,000-seat arena to host hockey games, concerts, circuses and other events that would draw thousands to Lakewood.
A township official said agreements could be signed within 30 days, although Devils ownership described the talks last week as preliminary. Both sides agreed the Jersey Shore could be a strong market for the arena....
Back in Lakewood, residents interviewed Friday seemed ready to accept the arena which officials say will bring millions in needed tax ratables but they want to know details that haven't been released.
Ted O'Keefe, 67, said he isn't opposed to the idea, but questions what Lakewood will have to agree to in order to convince Cedarbridge Development Corp. to return the 7 acres on which the arena would be built.
Cedarbridge has an agreement with Lakewood to create a high-tech office park on nearly 200 acres next to the BlueClaws' ballpark. The arena would take away seven of those acres.
"I have a feeling that will probably cost us money or negate some of the agreement in some left-handed fashion, which will ultimately cost us something," O'Keefe said.Jim Corsaro, 75, of Lakewood called the proposal "a great idea" but also questioned how the Cedarbridge agreement, struck in 2000, can be changed five years later.
"I don't see how they could possibly get back the land," Corsaro said.
Singer said only that the township is negotiating with Cedarbridge and a deal could be announced within 30 days. A Cedarbridge spokesman could not be reached for comment.
After obtaining the land, paying for the building is the township's next hurdle.That could be overcome, Singer said, by getting the surrounding land designated as a Revenue Allocation District, a little-known distinction that allows the district's tax revenue to be used to pay off the bonds.
"It would seem to be a good source of revenue for the township," Corsaro said. "There's got to be some sort of money coming back to the town for these events."
posted by Yeshiva Orthodoxy
at 1:44 PM

4 Comments:

Anonymous Srtuugling Lakewood Taxpayer said...

Call Bos Singer and tell him that we do not want this stadium. His # is (732) 901-0702.

6:33 PM  
Anonymous Anonymous said...

Who do we call to tell that we don't want any more whiny "yungerleit" who buy homes they can't afford?

9:17 PM  
Anonymous Anonymous said...

Whinebusters?

1:24 AM  
Anonymous Anonymous said...

You must also call non-stop to Mr. Lawerence Bathgate III Esquire at 732-363-0666 as the one behind the whole devil stadium together with Senator Singer.

8:54 AM  

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