tag:blogger.com,1999:blog-69636018635480538.post3286842111689171305..comments2017-12-27T15:49:08.508-05:00Comments on The Long Branch Advocate: Redevelopment: Love it or Leave it.Long Branch Advocatehttp://www.blogger.com/profile/09266462927693673288noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-69636018635480538.post-63160288608232432672008-06-22T06:24:00.000-04:002008-06-22T06:24:00.000-04:00Your blog reads ". . .sales of the housing stock i...Your blog reads ". . .sales of the housing stock in Pier Village are sagging despite the construction underway on Pier Village Phase II." Pier Village has no housing stock. True, the housing market may be sagging, but because of that, the rental market is booming, which is exactly why Pier Village Phase II is being pursued.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-69636018635480538.post-19023957750256506802008-06-16T14:20:00.000-04:002008-06-16T14:20:00.000-04:00Who is "kev"? Not I.Who is "kev"? Not I.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-69636018635480538.post-90456050573234483182008-06-13T17:09:00.000-04:002008-06-13T17:09:00.000-04:00good one kevgood one kevguy on the bikehttps://www.blogger.com/profile/15895865398520675012noreply@blogger.comtag:blogger.com,1999:blog-69636018635480538.post-33496524263276016282008-06-13T12:37:00.000-04:002008-06-13T12:37:00.000-04:00Respectfully, the "advocate" may deem himself/hers...Respectfully, the "advocate" may deem himself/herself "unqualified" to engage in economic and legal analysis -- but that is precisely what we need. Without listing my professional and educational qualifications, I deem myself qualified to offer opinions on these topics.<BR/><BR/>That which is "legal" is not always "right." It is "legal," right now, for any home in Long Branch to be seized in condemnation. Is it right?<BR/><BR/>We must not abdicate our rights or our future to "experts." If the "experts" say you should be run out of town, your home seized and destroyed, and that you and your family should be replaced by a "better class of people," would you agree? Must you agree, because they are "experts"?<BR/><BR/>Our Mayor and Council are not philosopher-kings. We are not ignorant serfs. It's not that the "advocate" (or anyone else) is "not qualified." In a democracy, everyone is qualified to speak their mind -- and to have their opinions tested by reasoned and decorous discourse. (Note to Mayor and Council: "decorous.")<BR/><BR/>If my prior post concerning inherent economic distortion be incorrect, tell me why. It's OK -- you need not be an "expert."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-69636018635480538.post-31413624959952058742008-06-13T10:06:00.000-04:002008-06-13T10:06:00.000-04:00We are not qualified to get into the economic feas...We are not qualified to get into the economic feasibility of the use of Eminent Domain. But since it is a legally viable option that has been upheld by courts with valid jurisdiction, we will continue to maintain that it was an appropriate use of the function.Long Branch Advocatehttps://www.blogger.com/profile/09266462927693673288noreply@blogger.comtag:blogger.com,1999:blog-69636018635480538.post-49490891976677042712008-06-13T08:52:00.000-04:002008-06-13T08:52:00.000-04:00This comment evinces a fundamental misunderstandin...This comment evinces a fundamental misunderstanding of economics. Condemnation for redevelopment is a distortion of the market. Individual properties are seized from unwilling owners at individual valuations; the properties are aggregated into a larger parcel that os worth more than the sum of condemnation payments; the excess value is gifted to the developer. The developer profits not by creating value, but by receiving it: (1) the enhanced value derived from aggregation; (2) tax abatements; (3) subsidies from the municipality -- like the $500,000 paid to the developer here; (4) re-zoning for higher densities.<BR/><BR/>If a project were economically productive, it would occur without condemnation and taxpayer financing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-69636018635480538.post-17222262810320769662008-06-12T11:49:00.000-04:002008-06-12T11:49:00.000-04:00Fair comment in general. I believe the area was a ...Fair comment in general. I believe the area was a complete crap hole even when the pier and boardwalk was up and running. I don't accept ED being used north of what was cooper ave or south of morris ave. In between, yes apporiate use of ED and lower Bway also.Anonymousnoreply@blogger.com