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Foodtown Lot Tax Break Possibility Draws Scrutiny

Should developer pay a reduced tax obligation on Route 70 tract?

 

Providing a tax break to developers to build on otherwise undesirable properties is a way to – in the end – generate tax revenue. But should a tax abatement plan be used at the former Foodtown site on Route 70 in Brick?

Some residents took aim at the option of entering into a so-called Payment in Lieu of Taxes, or PILOT, program with the township's chosen redeveloper of the former supermarket site at a township council meeting Tuesday which included an information session on the program.

The PILOT program is relatively self-explanatory: the redeveloper of a piece of land is exempt from traditional property taxes for a set period between 10 and 30 years, and instead makes an annual set payment to the municipality.

The option has upside and downside, according to those familiar with the practice. The pros of PILOT programs include making a blighted or undesirable site more attractive to a redeveloper, and keeping the revenue within the municipality, since the county would only receive 5 percent of the payment, rather than more than 20 percent on a traditional tax bill. The cons include the potential for the money to be directed only to the municipality instead of the local school district, despite the potential for more students to be added to local schools if the project is residential.

"Redevelopment projects often carry a greater risk and are more expensive to develop, so the PILOT encourages redevelopment," said Chuck Liebling, an attorney who represents Brick Township in redevelopment efforts. "They would pay less under a PILOT than regular property taxes."

According to Liebling, the dollar amount paid under a PILOT is calculated in two different ways when there are no bonds involved (there wouldn't be on the Foodtown project): The township can set the payment to represent a minimum of 10 percent of the annual gross revenues the project generates, or a minimum of 2 percent of total project costs.

Increases over the PILOT period are also usually worked in, said Liebling.

Last month, M&M Realty Partners, the site's redeveloper, requested the township council allow them to build 192 condominiums, about 70 rental units and 19,000 feet of commercial space at the site. The current redevelopment plan calls for a hotel and banquet facility to be built there.

M&M claims the hotel plan is not viable. The township council has not yet decided whether or not the redevelopment plan should be changed.

Liebling's estimates for the Foodtown project – under the newly proposed plan by M&M – include a $592,972 annual tax payment under the first option and approximately $1 million under the second option, assuming the project's cost is about $50 million. The first figure was estimated based on a combination of the commercial rental space, residential rental space and a formula based on the value of the condominiums.

Under traditional property taxes, however, the site would generate about $1.3 million per year, Liebling said, though that figure would have to be shared with the county and several other county taxing authorities, including the health department and library system.

The township can share its portion of the revenue generated under the PILOT with the local school district, though it is not required to do so. The township council would determine how much, if any, of the money would go toward the schools.

"It basically becomes a budget line item," said Liebling.

The subject of school districts missing out on potential tax revenue was the subject of a 2010 report by the New Jersey Office of the State Comptroller. The report cited a "race to abate" by towns in order to attract development statewide, and warned that school districts often end up on the losing end of the deal.

School districts "lose out on the municipality's new wealth," the report said.

The report did acknowledge, however, that tax incentives have often worked to create jobs and revitalize communities that are struggling.

"Abatements should be granted only when the public at large will come out the winner," said Comptroller A. Matthew Boxer, in the report.

Business Administrator Scott Pezarras said the decision to use a PILOT program instead of simply charging traditional property tax rates is one of simple economics. If taxes are too high, a redeveloper may only be willing to pay a lower price for a lot, if he wants it at all. Further, a redeveloper may be less willing to take a chance on a project that a municipality would prefer.

"He has to make the project work financially," said Pezarras, of any redeveloper.

"The governing body has a fiduciary responsibility to represent the residents here," said John Zingis, a township resident who formerly served as a Point Pleasant Borough councilman. "We all own a piece of this parcel."

For resident George Scott, it's all about the numbers.

"If those taxes were, in effect, the way that they should be, the school board would be getting $628,355," he said. "The taxpayer is eating another $600,000, and we can't afford to do that. I don't want to be subsidizing M&M."

Some residents also doubted M&M's target price of about $300,000 for the condominiums on the site, or $1,625 monthly rental prices. In the first option presented by Liebling, the prices of the units could affect the PILOT amount.

"Who is going to rent an apartment over a store on Route 70 for $1,625 a month?" asked Kathy Erickson.

Liebling said he has not had any discussions with M&M on the prospect of a PILOT program.

Likewise, council members said they have not decided to change the redevelopment plan.

"As far as we're concerned, we have a development agreement in place right now," said Councilman Domenick Brando. "We can't stop them from coming in and asking us for changes, and that's all they did. Nobody is saying, 'we're going to be doing this.' They just came in and asked."

Related Topics: Foodtown and brick nj news

Justhavetosay

6:56 am on Thursday, February 7, 2013

The citizens of Brick need a tax break, NOT a real estate developer. The route 70 site is a prime location. Any future developer interested should assume normal typical assessment for this location. Our elected politican need, no must act in out best interest, and not in the interest of someone elses pocket!

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Sall

7:59 am on Thursday, February 7, 2013

At the end of the day this will end up being what the town council wants...and not what us, the townspeople will want. Money trumps happiness when it comes to them.

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type writer

8:06 am on Thursday, February 7, 2013

This whole thing is a scam. The building being knocked down before an election. The trailer with the campaign sign 2 years later. Now this new proposal. Scam, Scam Scam.

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Opinionated

9:31 am on Thursday, February 7, 2013

Please help me here. I don't remember when the developer was given the "bid" to take care of this property. But it would seem obvious if they can't live up to their original plan for whatever reason, they should be made to forfeit their "right" and the selection process should be reopened to all contractors to submit. This to me, seems like someone bidding to build a house based on certain specs, signing a contract, and then saying it is too expensive and wanting to build something smaller at the same price. Am I wrong here?

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Daniel Nee

11:01 am on Thursday, February 7, 2013

The risk in that is the fact that the value of the lot may be significantly less now that the "bubble" has burst. Although, depending how strongly Brick residents feel for or against a specific project, it may be something folks would accept.

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JD

11:52 am on Thursday, February 7, 2013

I agree with you opinionated.

Also, it's ok to give a tax abatement for a "commercial" project... but not a residential project that will utilize the services of the town, school and county.
No deal.
Dan, with regard to lower price on the land...
I haven't seen anyone do a present value of cash flows to determine which is the better option. That is how it should be evaluated. It may be that getting $1million for the property and full taxes may be the better deal over $7million for the property and 500k/yr in taxes. Just don't know based upon the information.

shorecorruption

9:43 am on Thursday, February 7, 2013

A Big Giant Water Park year round. Money maker!

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VICTOR FINAMORE

9:53 am on Thursday, February 7, 2013

No condos ! We don't need anothr Saw Mill or Maple Leaf development in the center of our Town. Condo development will only lead to More Gang + Drug Activity,Transient Dwellers as a future Hub for those expanding into Brick From Lakewood.

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S. Coffee

9:46 pm on Thursday, February 7, 2013

I totally agree Mr. Finamore. Brick residents/taxpayers need to see what this project could potentially become if the council approves M&M's proposed plan. Take a drive to the former Clayton Block property in Jackson adjacent to Jackson Liberty HS. Looks very similar to the plans shown for the Foodtown site.
Under M&M's new plan there is an option in which they will make an annual tax payment of 592,972, of which the township can decide how much if any they will share with the school district. Our school district is already stretched to its limits, what will adding 192 condos plus rental units do? Not to mention the fact, that if who you and I think will eventually be residing in the proposed "gated community", they will not being paying taxes. Our taxes will go up, and the district will have to pay for separate buses to take children to their private schools in Lakewood (one for boys and one for girls). Do you see what I'm getting at Brick? Time to let our government in Brick hear our voices! NO CONDOS OR RENTAL UNITS!

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Katherine Lockwood

10:05 am on Friday, February 8, 2013

S.Coffee I too am concerned about the potential for (non-tax paying) citizens. There are RUMORS circulating about this popluation moving into the property. Yes I suppose that they wouldnt be a burden on our school system, however if this happens I will be listing my house. I sure hope that the council will do everything they can to make sure that this does not happen and to help us preserve this town.

VICTOR FINAMORE

10:06 am on Thursday, February 7, 2013

As I've posted before -This would be a great investment for a Marriott product to review, to develop this land.
If anyone has visited Marriott's BeachPlace Towers located at 21 S Fort Lauderdale Beach Blvd, Fort Lauderdale. (Google it) you would not only find a well put together hotel,time share,senior development, fine dining, accommodations, underground parking.
Where as, on the same site [smaller to the Food town lot]- also includes an inside 3 level mall complete with 2-3 themed restaurants,pubs,coffee shops,casual bistro, along with various retail space. There is plenty of space to make this work.
What would make this location attraction valued, being next to Forge Pond - river for boating,park+recreation ( with the right investment+marketing-this could be an added income: aka- "Tourism Tax-Town Funding" for hotel guest).
From the frontage of the land, as from a Hotel point of view facing east -overlooking the Inlet, Marina, Boating access ( Marketing+ Investing+Attraction for local income). Additional thoughts for a hotel establishment -key words ring in "Location", 3 access points to the Garden State Parkway,Baseball Stadium,Beaches,Boards walks (when completed)-shopping, dining, local airport . Access to downtown Philadelphia,New York City,AC less than 1.5hr away. If you wanted to host an event to hold 200 guest "affordable"- all under one location, that was modern, clean, up to date, where would you go.? This is a gold mine for the "Right Investor".

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Mrgrumpass

10:47 am on Thursday, February 7, 2013

I like it Victor but this town and its leaders have no vision, they are too busy playing the D & R got you game and it been this way for decades. Where is Main Street Brick? I have only seen photos of it but there was a beautiful brick town hall at one time now what do we have a space ship in a mote across from a rundown school! No vision no planning welcome to Brick! And you are so right once the men in Black from LW will see that the condos are not selling they will buy them up cheep and import the trash from LW to infest our town!

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Donnie Brasco

5:18 pm on Thursday, February 7, 2013

Victor, I have been to the beach place towers numerous times. It is a great place. It caters to so many different people and age groups. This would be perfect here in town. Unfortunately, I do not think it will ever happen.

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Bob Short

6:47 pm on Thursday, February 7, 2013

Victor, I also have been to the Beach Place Towers that your talking about; your so right, it's the Right concept for the Right location ! you have a vision.

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Nicole

7:42 pm on Thursday, February 7, 2013

I like his idea !!! and that just it, it's an idea that he is sharring; with soo much to build from here.
Victor, I will be following you,to see what else you have to write about, voice your thoughts and ideas in to words.

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Jo Amesco

12:30 pm on Friday, February 8, 2013

Victor, you keep writing and sharring your ideas, they are in motion now; you might just be the one to start fueling this thing along. finally someone who gets it. I will be watching for ya fella.

brick strong

10:28 am on Thursday, February 7, 2013

My concern condo at 300,000.00 and Rent of 1625.00..on a busy highway rt.70...the traffic on that road is crazy now sometimes 10 to 15 min. From that light to chamberbridge light..Out of control.

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Bob Short

6:45 pm on Thursday, February 7, 2013

Hey Topps - thought to share this,, Just go into Wall Township, a 1 bedroom for a non smoker is $1,400 a month. A 2 bedroom, for a non smoker is $1,800.00 a month with good credit. Wall is just a mile or so down the road.
House rentals in Brick are anywhere between $1,800 - $2,600, for a non smoker with good credit.
M&M is trying to fool people. Don't buy into it !

Deborah

10:51 am on Thursday, February 7, 2013

I could understand a PILOT initially to get it off the ground, but a PILOT doesn't put any monies into the School cofers and, I don't believe, this is a senior development they are talking about, so who is going to cover the added cost of the children's schooling that would move into this condos?

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Bob Short

5:37 pm on Thursday, February 7, 2013

Deb - you ask "who is going to cover the added cost of the children's schooling" the rest of the TAX payors here in Brick will. The Pilot program is a soild foundation for those who have children that will home schooled, you'll see hundreds of their parents and children walking the highways of Rt 88 + 70. The Town will see an increase of Law suits for safety violations eventually causing the Town to pay heafty fines.

John Zingis

10:54 am on Thursday, February 7, 2013

I attended the Council meeting and Dan's article is accurate. However, I would add that a lot more was said at the meeting. Several, educated and qualified people spoke and dove into the details.

I am surprised the town has not set up a web link or a common file cabinet where ALL documents could be readily available. I asked for transparency and cooperation at the meeting. Moreover, I suggested that we strart over and thoroughly evaluate this process and called for a symposium so we all could get educated and participate in the "democratic process". I believe council generally agreed, but we must hold them accountable. I truely hope they will do what they say.

We are not waiting for Council to be transparent. We're forming a community group and please stand by while we get more organized.

"FriendsofForgePondNJ" is reserved and will go live soon. Our mission will be to insure that the democratic process takes place, transparency is of highest importance and that the public will have access to ALL documents associated with this project.

Stay tuned fellow citizens.

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Paul Pallante

10:54 am on Thursday, February 7, 2013

No condo's, no abatement...do these people listen to the people who will vote them out?

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Art D

10:55 am on Thursday, February 7, 2013

Can I do this for my blighted flood property in Brick?

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Brickresident

10:58 am on Thursday, February 7, 2013

I hope it back fires and it ends up being the worst place to live in Brick. Maybe it can be worse then maple leaf and the other crap holes.

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J

10:59 am on Thursday, February 7, 2013

We really can't afford this. The realization is the town is going to be losing money on the waterfront/ bay area homes. People will default morgages and walk away with the new flood maps. Who's going to makong up the difference?

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bernie

11:02 am on Thursday, February 7, 2013

Needs to be an Assisted Living or Sr Development. That way it doesn't bring more children to school systems and doesn't increase school costs.

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Brickresident

11:09 am on Thursday, February 7, 2013

Im pretty sure we dont need anymore old fossils driving around Brick, nor in the stores. We have way more then enough.

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Bob Short

5:44 pm on Thursday, February 7, 2013

Hey there sonny,,, I'm one of those "old fossils" that your reffering to.. I can still pee straight,stand on my two legs, with out falling over, find my remote, I can still order my senior coffee to. Sorry you youngens still have to pay full price for coffee; although, it does take me a few miniutes longer these days to get out off the bed you know. :)

Brick Resident 2

11:09 am on Thursday, February 7, 2013

How about leaving this property to future generations to do as they wish? Why does every parcel need development? Also this agreement was made a while ago. Now the builder has the advantage to wait until the market heats up again with little or no consequence. Should the property be re-evaluated at the time of construction so the town gets the right share?

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Jonnyboy

11:17 am on Thursday, February 7, 2013

I agree with Opinionated, if the original plan put forth was bid on and M&M won that bid, fine. But now there is a whole new plan to do something completely different, it should be reopened to bid again. Unless M&M is in someone's pocket, hmmm. Now at this point in time, it may not be as easy to get bidders seein how contractors, developers etc are concentrating on Sandy projects. We are between a rock and a hard place !!!

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Opinionated

11:23 am on Thursday, February 7, 2013

To Daniel Nee, thanks for your response but I still feel if the developer wants to renege (and that is what it is) on their original plan then it should be put back up for proposals/bids. I understand it may not be financially feasible but in all fairness the process should be restarted. Another issue I feel is that their should be a specific time frame to implement such actions not an open-ended deal. Look what happened to Asbury Park. Such a deal was devastating to the city especially when the courts got involved. I believe the term is do your business or get off the pot. But it should be reopened to ALL developers or else it would be unfair if not unethical.

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VICTOR FINAMORE

11:30 am on Thursday, February 7, 2013

"under the newly proposed plan by M&M – include a $592,972 annual tax payment " - - "Gee that looks - exciting.." ..... "Really"

However NO money would go toward the schools; especially when you have 192 condos with the potential of 100 - 200 children possibly living with in those units over the next 5 years.? There would also be a safety issue - children playing on route 70 into on coming traffic, parking lots. Bussing traffic will block up intersections during peak times; did anyone do a flow count for traffic; I'm sure someone would agree that it would be a Huge Safety issue.

As to a "gated community", How would a $9.00 hour each; part time security guard [unarmed] provide much protection, safety or - the security it's self to the residents and to others ? Other than writing reports and calling 911? What happens when the property management changes, who then decides that it was not cost effective to keep a security contract open as well to let things go because of budgeting?
maybe then the Town will have to "pay" for another Sub -Station in Another condo complex, more added cost to the tax payor.

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VICTOR FINAMORE

11:31 am on Thursday, February 7, 2013

If you have 192 condo units paying an average $5,500 a year each/individually for property taxes on residential only. The Town would receive and estimated $1,056,000.oo yearly a lot more than M+M could ever offer.

If M&M's target price of about $300,000 for the condominiums , then property Taxes would average $6,000 per unit.

Rental would average $2,600 - $3,200 a month. That would mean the average person who makes $80K a year would afford either the rent or mortgage. However those numbers do exists, if you Live in Pier Village; Long Branch. Brick has been hit by a Super Storm (??); in some areas and parts of town; could be looking at a 30 year set back for redevelopment. What benefit would another condo development; that doesn't pay taxes individually do for the township it's self. How would this project help redevelop the town as well off set the taxes for stabilization.?

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Bob Short

6:39 pm on Thursday, February 7, 2013

That's a pretty accurate number to choose guy - "a 30 year set back" - you can open a persons eyes with that comment.!

John Zingis

11:32 am on Thursday, February 7, 2013

How about Mr.Pezzaras put together a financial feasibility study. I met with him and he ran some rough nimbers and suggested that to keep the site "as is" for the time being is about $15 / household, based on a $300,000 assessment. I would think 1/2 of Brick is about $200,000, so that amounts to very little while this matter can be debated, discussed and properly planned. It's simple.

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bernie

11:35 am on Thursday, February 7, 2013

The old fossils cost us less then normal housing. Another 1-200 kids in the schools is much more expensive. Hmmmm maybe taxing students and not the owners of the properties they rent. 4 kids in one home pays the same school taxes and a home with NO kids? Major adjustment needed.

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bernie

11:37 am on Thursday, February 7, 2013

If they put the property back out for bid you can bet your ass its not worth the 7.5 million M&M is paying for it

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JD

1:30 pm on Thursday, February 7, 2013

So what...
Getting $3million for the property and $1.3million/yr in taxes is a better deal than $7.5million and $600,000/yr in taxes.
Do the math. The 5th year is the breakpoint!!!

VICTOR FINAMORE

11:53 am on Thursday, February 7, 2013

If we Build a Hotel - Hopefully get a Marriott system in place. If someone wants to take a look at numbers -

Just take a look at adding tourism tax [for the township] for just a moment.

Just by using $12.00 as an example - added to every room. A hotel with 200 rooms charging a daily rate of $12.00 [ tourism tax ] which would produce = $2,400.00 per day X's 365 days = $876,000.oo revenue for the Township it's self?

That's just based on full occupancy of 200 rooms. we haven't even calculated on any of the 100's of other added amenities that can be offered. The savings and profit is not the upfront " in your pocket - grab the cash now.." [ proposed plan by M&M – include a $592,972 annual tax payment ]

It's in the long term growth and community re-development program. With Long term planning; there would be enough money to come back into the town, redevelop areas, stabilize taxes [ for a time] give back to the community it's self. - "What are we going to do for the people of this town" .. M&M plan would be an injustice to everyone.

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VICTOR FINAMORE

11:53 am on Thursday, February 7, 2013

I have traveled many parts of the US. as well both Eastern and Western Caribbean, stayed at various hotels including Marriott systems. They are always well planed and developed as a landmark.

Landmark defined as: by it's location, amenities, services, guest relations, businesses developments, time shares, senior housing, the list can go on.

The only way that a Marriott system would ever fail at this location is; only if we allow those who develop it make it fail from the start. This could easily be done by over pricing everything, construction, building materials, permits, approvals, unions, stalling construction scheduling , equipment failures - inflating cost when presented; that a Hotel chain would not see the cost efficiency to make a return.

Which would then leave M&M original condo plan back on the table as a desperate sale / offer.

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Ryan Meyers

12:04 pm on Thursday, February 7, 2013

Scott, can you tell us what if any donations M&M made, to any political parties in Brick ?

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John C

2:17 pm on Thursday, February 7, 2013

Ryan M&M is owned by a major democrat party contributor who I also believe is a former democrat politician on the state level. The plans suddenly changed after the new democrat majority took control of the Brick Council. Seems pretty likely that the political markers are being called in at this point in order to increase the profitability of the project. This is also the developer that dumped contaminated soil as land fill on the Costco site a few years back when we had a corrupt democrat mayor in Brick.

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Bob Short

5:49 pm on Thursday, February 7, 2013

all you have to do is hire a forensic accountant, start with the council, scott and work your way from there. I would love to see what turns up. would love to see who resigns real fast. I may be old, But I've been around long enough to get a feeling of doubble dipping and pocket lining here somewhere,, I'm not naming names but, M&M sure is digging in Deep to someone.

Bob

12:25 pm on Thursday, February 7, 2013

NO TAX BREAKS!!!!!!!! The citizens need it more than M&M!!

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Kevin Koch

1:19 pm on Thursday, February 7, 2013

Great Wolf Lodge.... year round fun and awesome tax returns to our town... its a hotel and an indoor water park year round..

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Chief Wahoo

1:41 pm on Thursday, February 7, 2013

Make it the worlds greatest Farmers Market. You are all going to need a place to barter within the next 2 years.

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Sal Petoia

2:20 pm on Thursday, February 7, 2013

Many interesting and thought provoking comments here. This entire issue needs to be rethought, not by the politicians alone, but by the people of this town. If the council really has the interests of the residents in the forefront, they should put this entire matter on hold, and then create a panel of citizens, professionals and public officials to explore all possibilities of what to do with the site and what the cost implications would be. People may be willing to pay a little more in taxes rather than have the site overdeveloped with the condos as being proposed, or maybe they don't care about any increases in traffic or other negatives just to get the most money out of the site. But it is the people who should have the final say, not the politicians. A committee could be tasked to produce a report within six months that would show the possible alternatives, and then the council could include a referendum at the November election for the people to pick the preferred alternative. There's plenty of time to do it. Considering how long the land has been unused, what's another six months to get it right!

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Vince Latchford

3:42 pm on Thursday, February 7, 2013

Sal, your idea seems reasonable. The various voices on this site show that there is significant opposition to the new proposal, especially since this development will apparently be gated and have exclusive access to Forge Pond and possibly be granted an easment for the acres facing Rt 70, and also access to the golf course.

Those in favor quote figures that would come in as tax or otherwise and seem like a subatantial amount, but Brick is already wall-to-wall commmercial with many vacancies, all producing huge amounts of revenue, so this questionable project would add a relatively small percentage to the town coffers. And remember, while the rest of the State was satisfied with a 2% property cap increase, Brick got 24% and even though the Dems were at first against it, they haven't refunded anything to us, and the Republicans were for it before they were agaiinst it and they didn't refund anything either. So putting a giant nuisance on this site is no guarantee that the taxpayers will see any benefit.

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clamdigger

7:21 pm on Thursday, February 7, 2013

I still have to say that some type of a professional medical complex would be better suited for that area, maybe even a small emergency facility. A complex w/ a state of the art same day surgi center and another MRI facility would be beneficial to the surrounding area. It would be busy enough but not too busy to make a disaster out of traffic, investors could see a quicker return on their investment of leasing the property and renting office space. A small substation/ER for Brick Hospital could handle overflow of all those who use the ER when sick as their own Dr.'s office and free up the primary ER at the hospital for more severe cases and keep the winter illnesses out of the ER and keep them contained to a centralized location.

The property is $7M add in another $4-5 in permits and all construction costs and you're talking $11M for potential investors to come up with and wait for a decent return.

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Katherine Lockwood

7:38 pm on Thursday, February 7, 2013

Clam digger, I'm sorry but an ER type facility, do you truly believe that will be a money maker? The type patron that would use this to avoid going to a PCP will likely not be paying a dime, nope not what I'd like to occupy such a beautiful piece of real estate, but maybe I'm wrong.

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clamdigger

9:24 pm on Thursday, February 7, 2013

@Katherine Lockwood; a small ER facility would be beneficial but not sustainable as a stand alone entity especially as you described. If the whole area was used as a professional medical facility w/ a small ER substation, the hospital could use that as a teaching facility and write off any non paying patients as well as the cost of leasing the property. As a professional medical plaza w offices, a state of the art same day surgi center and MRI facility, patients would have access to a more personalized atmosphere than the hospital where long term care is provided. I am not suggesting a Twp or County run facility, this would all be private practice, all paying property tax thus adding to the twp coffers. Would the hospital be interested, probably not, they just dumped millions into Brick Hospital. I certainly do not want more condos here in town. In just a few short years they will be subleased to others and potentially run the area into the ground along with a burden placed on the schools.

Mike M

4:05 pm on Thursday, February 7, 2013

Sal: It seems like we're re-hashing the same issues that were extensively discussed about a week ago on the Patch. It goees to show how an asset like the Patch can be used to generate healthy dialogue. I like John Zingis' idea of organizing a "FriendsofForgePondNJ" group that can sit and discuss the various ideas and put on paper the actual cost/benefit analysis for each. There are so many numbers being thrown around about tax breaks, county taxes, school taxes etc. that it should all be put on paper to make an accurate comparison. Once this is done we have an actual document that can be presented to Scott and/ or the Council.

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pam ulrich

4:11 pm on Thursday, February 7, 2013

No condos! Who would pay 300,00 for a condo on route 70 when you can buy waterfront now for that price? The condos would not sell at 300,00 and would end up going for much less, therefore we have another gross condo complex but this will be right in the middle of Brick for all to admire! Preserve the land or use it for a much needed new High school and sell the property of old Brick high, put a pool and an ice rink in the new school and be done with it!

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Katherine Lockwood

7:42 pm on Thursday, February 7, 2013

I'm agree that the twp needs a new school and it would be great for the swim team to have a pool, however the town is in no shape to handle such a project. The residents can't even recover from Sandy, can you imagine what that would do to our taxes?

mineeeemoh

4:33 pm on Thursday, February 7, 2013

If it is thought that a hotel constructed at that site would have it's Romney board member marvel at contributing tax payments to the town, think again.

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mineeeemoh

4:37 pm on Thursday, February 7, 2013

To boot, if it is thought farming the lot would create a new stream of property tax revenue, think again. That scenerio would create 0 tax contribution to the town coffers.

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Paul Pallante

4:55 pm on Thursday, February 7, 2013

Mineeeemoh [AKA Vera?], what does your first comment mean?
Also, as I stated after the last article...THIS TOWN DOES NOT NEED ANY MORE REVENUE, TIME TO LIVE WITHIN OUR MEANS...everyone would argue that but it is time to start tightening the belt. We should not be slave to creating a ratable on that property. Doing what is best for the community doesn't have to mean development and more tax revenue. Doing what is best for the community may be just leaving the property as a passive park that requires little construction cost & little maintenance once complete. Has anyone thought of exploring with Ocean County whether they could add it to their park system?

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mineeeemoh

5:06 pm on Thursday, February 7, 2013

Let me get this straight. Your thought is, those people who can afford 2nd homes down the shore are living within the means of ordinary people? I see from what I have researched the entire back and forth arguements have been going on for over 10 years.

mineeeemoh

5:02 pm on Thursday, February 7, 2013

Doing due dilligence always helps don't ya think? You got someone talking about a Marriott hotel. I mean comeon, everyone should know Romney rejoined that BOD the second he lost the Presidential election.

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Bob Short

6:21 pm on Thursday, February 7, 2013

What I think; that the fella, your referring to about his idea regarding a Marriott; is something to consider.

Here's the thing, Marriott Hotel corporation is the only one who's the most diverse for the price. Sheraton or Hilton, would not offer large parking decks, parks, shuttle services, villas, center mall, shops retirement homes they won't invest unless their Hotel is apart of a casino as the anchor investment.

Talk about due diligence, Vic has a good idea because it would cover all basis for everyone here in Brick. I also agree with you Sal as well. You guys here should be in a committee together to make this happen; you have plenty of attention and readers who are following.

nick verdina

5:33 pm on Thursday, February 7, 2013

clearly there are to many rentals an condos now.we need a bright workable plan directed by some of the brightest people.SEE WHAT IS WORKING IN SIMILAR AREAS AN REACH OUT TO THE RIGHT DEVELOPERS!!!!!!!!!!!

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mineeeemoh

5:47 pm on Thursday, February 7, 2013

The rentals are Maple Leaf, Evergreen woods and Waterside Gardens to name just a few. If you think an apartment renting for $1600.00 per month plus utiliies, is in the same category as those we got a problem Houston.

mineeeemoh

5:44 pm on Thursday, February 7, 2013

You got a guy running around town telling people a hotel would be the best thing because it would fit into the "throw in a liquor license" scenerio. I mean what is not good for this town is a hootinanny dance club

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Mike M

5:53 pm on Thursday, February 7, 2013

After doing a bit of research I came across an interesting concept that seems to be a big success in San Diego. While this type of project is not exactly applicable to the Foodtown lot, the overall concept is one that is interesting. Notice that it calls for direct neighborhood involvement. Just something to think about.

http://www.marketcreekplaza.com/

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Katherine Lockwood

7:03 pm on Thursday, February 7, 2013

Mike Im in favor of a community based development, however in my opinion we need to exclude housing all together from whatever plan is put into place. While speaking with local residents I hear the same type suggestions repeatedly. A community center, lap pool, park, farmers market. I believe these are all things that can be incorporated on this one great property. I'd also like to see something educational for the children added in somehow. Something community based to inspire, health, wellness and "community", but at the same time bring in some revenue. Like John zingis mentioned a group is a great idea and I'd love to be part of it.

Mare

6:53 pm on Thursday, February 7, 2013

First of all, it sounds like Mr Finamore is trying to see the citizens of Bricktown something, maybe a Marriot Hotel??? Secondly, how long does everyone think it will take before all political palms are sufficiently greased so the "redevelopement plans" will magically change? You know how Brick is run, sit back and watch the magic!

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Nicole

8:14 pm on Thursday, February 7, 2013

I believe the idea such as a Marriott, is only the center piece; anyone who's visited a Marriott would agree. As someone else said, other hotels would only develop such a product only if there's a Casino involved. Victor also suggested, Forge Pond that could be redeveloped as a park,water activity, boating and recreation for everyone including Hotel access. which also included a way to make it profitable for the Town. The current access point is quite dangerous as it is getting in and out on to Rt 70 anyway. From there we can incorporate Mike Mortons idea along with Katherine Lockwood and Sals'. The ideas can expand from there.

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Mare

11:38 am on Friday, February 8, 2013

I think a Casino in Brick would be great, if it were owned by the tax payers. Not on any other terms.

Richard DeFonce

7:39 pm on Thursday, February 7, 2013

Ultimately, a tax break to a property as large as the Foodtown property has to be applied to the rest of the tax payers. I would like to see the property developed but not at my expense.

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Nicole

8:14 pm on Thursday, February 7, 2013

I think Mr. Finamore is only offering suggestions for everyone. Just a concept for everyone, not just himself. Victor is being proactive and not by point fingers; yet offering possible solutions. If we are going to make a change, we need to start somewhere and build from that point going forward. It's refreshing to know that there's someone like him out there.

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Katherine Lockwood

8:32 pm on Thursday, February 7, 2013

I have hope that the council will do as promised by allowing us to vote on the previous proposal. This property has been such a loss but we should accept that and do what's right for the tax payers, either way we will pay for it, wouldnt everyone at least like to be able to enjoy the property?

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Mike M

10:08 pm on Thursday, February 7, 2013

There are many good ideas in this chain of comments coming from a number of individuals that share a common goal of developing a plan for this valuable property in a fairly central area of Brick. Searching around a bit I've seen a number of examples of how community residents have worked together with local and state governments and commercial developers to plan and buildvery impressive mixed use projects that have become a central attractions and revenue generators . An example: http://www.shopmcp.com/index.html

Is anyone interested in having a face to face meeting to discuss things? As good as the Patch is It would be more effective to talk directly to each other.

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Katherine Lockwood

8:52 am on Friday, February 8, 2013

I believe that John Zingis is formulating something and Im hoping that he will keep us informed but unsure how he plans to do this. You can try to search me on change.org where I have started a petition to education the residents and collect opinions and suggestions. I believe that you are able to personally email me through that but cant confirm(the site can be hokie), try to search my name or Metedeconk Village. John Zingis we may be able to form a group through there if you interested or on Facebook, otherwise I look forward to seeing what you have in store for us :)

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Mike M

11:26 am on Friday, February 8, 2013

Katherine: I really think that, despite some of the frustration and negativity that has been expressed, it would be beneficial to try to work together as a group of concerned residents in an attempt to come up with a few options. I just don't think that this plan for condos and rental units, with couple of chain restaurants with liquor licenses (if they can find one that's not already here) is the bst use of the property. There has been a Facebook page put together called Beautify Brick that we can use for now just to move the conversation off of Patch and from there maybe we can schedule an actual meeting over coffee somewhere.

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Katherine Lockwood

11:39 am on Friday, February 8, 2013

Im totally with you Mike, there are tons of great ideas floating around let bring this to fruition. I will check out the facebook page later this evening. I look forward to getting involved with this action, I believe we have an opportunity to create a property that can be beneficial to all residents as well as the township.

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Katherine Lockwood

3:48 pm on Sunday, February 10, 2013

Dawn Thank you for this, do you by vhance know how i can get my hand on the traffic impact study? Planning board? I contacted the NJDOT but they forwarded me to the twp. Also I presume youve read these docs, Im concerned with refevelopment aggreement section 8.02-8.03. Hope Im misinterpretting it. Thaks again

Dawn Marie White

12:43 am on Friday, February 8, 2013

PS Click on the little file next to the star in the top left to see all files included

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BW

5:17 am on Friday, February 8, 2013

Fact is, nothing will be done. After Nov it will sit empty until 2017 and the next election. This is nothing but political bs and spin, just like tearing down the building, the promise of a community center, and shoppes on the pond.

I really hope people can see through the BS

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Katherine Lockwood

9:02 am on Friday, February 8, 2013

BW you and the general population are plagued with such negativity. This is what is wrong with the system the citizens feel powerless and let the governing body have full control. Idea: How about we attempt to intervene in the corrupt system and see where we net out? Maybe you will be correct in the end but I believe it's worth the time and energy spent to potentially see some change in the way we've been "allowing" the BS(as you call it) to go on!

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Sal Petoia

10:44 am on Friday, February 8, 2013

This is a situation where the people can and should make a difference. But because of the variety of options, we need information and a discussion of the tradeoffs. Some thoughts: As the land sits right now, the town is getting no taxes. That means that no action will not change the tax rate (even though it will rise due to other circumstances). If we look at one extreme, condos, rentals and retail units, we need to know exactly to what extent the tax rate will be reduced. If we look at another extreme where the township develops the property as a community center and park, the cost of that and how it would affect the tax rate needs to be known. Obviously, it will cost us since instead of the site being a revenue generator, it will be just the opposite, unless some of the costs can be offset by use of the publicly owned assets. We, the people, need to convince the elected officials to study both the "extremes" and potential uses in between. (continued below)

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Sal Petoia

10:46 am on Friday, February 8, 2013

Then the alternatives can be presented to the people to decide what is more important… attempting to reduce ( a dubious possibility) the tax rate by accepting an intense use on the site (along with traffic, potential increase in student population and the loss of an aesthetic piece of land); or, create a community center with a banquet hall that could generate revenue for weddings, conferences, etc. and be integrated with a park like section adjacent to the water where people could rent canoes and rowboats for fishing and crabbing. Perhaps even a theater for the performing arts, such as the Spring Lake Theater or Paper Mill Playhouse, could be considered and included on the site. I can picture a very pastoral setting that would be attractive, easy to get to, would not be intrusive, and yet provide some income to the town. But ultimately, the people should at least be given the facts and a chance to decide what's best for the town.

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Vince Latchford

11:50 am on Friday, February 8, 2013

Mr Petoia and Mr Zingis propose public input. It would be a breakthrough of immense proportions if such an initiative could come about. I know of no such activity including Tea Party groups that gather to evaluate government activity and have practical effect on public policy. Brick could lead the nation in actually bringing the common sense of the taxpayers back into formulating public policy rather than merely voting for or against Party-backed candidates every few years.

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Katherine Lockwood

12:01 pm on Friday, February 8, 2013

Vince I believe it is on, so I hope that you will join forces with the rest of us to make change happen, Mike Morton says there is a FB page Beautify Brick lets start there.

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Jo Amesco

12:54 pm on Friday, February 8, 2013

Victor, Sal, Kat, Mike and John, you people should all get together to make this happen. Local people are watching,reading and talking about all your ideas ( from the wawa's,diner's,jersey farm's,even at my dr's office.?) have read from the Brick patch. it's a hot topic fella's now do somethng with it. !

Mike M

11:34 am on Friday, February 8, 2013

Sal: Ihink that your on to something. There is no reason why this project (if they are really going to do something) can't be a mixed use property with a combination of public access near the water, a community theater/ conference space that generates revenue, and mixed retail but NO box stores. This preserves open space for use of residents and generates income and would also eliminate the need to put more housing in Brick. As was said before, the market is already too soft and there is no realistic way that condos can sell for $350,000+ or rent for $2,000+ in that, or probably any other, location in Brick.

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Sal Petoia

11:50 am on Friday, February 8, 2013

Mike: I suspect that the council people read these comments. Let's hope they follow the will of the people. John Zingis' idea of forming a Friends of Forge Pond group could be the start of a coalition that could become an influence in this town. We need to elect representatives who are accountable to the people and keep their campaign promises. I was sadly disappointed by the results of the last council election. We had four fresh candidates, and after they were elected, look what happened. No different than the ones they replaced except their party affiliation. Next time around I will vote for any independent who decides to run, and if there are none, I will write in my own name. They certainly can't be any worse than what we have, although so far in my opinion, Susan Lydecker has shown some promise.

Mike M

12:25 pm on Friday, February 8, 2013

I have also given up on the idea of electing new faces to the Council from the Rep. or Dem. parties with the expectation that things will be different. There have been shifts from Dems. to Reps. enough times with nothing to show. I'll write your name in too unless other residents who share our opinion join together to run an Independant. I like the name Freinds of Forge Pond. I think it was John who suggested the creation of a Facebook page. Who wants in?

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Katherine Lockwood

12:37 pm on Friday, February 8, 2013

It looks as if there is a page, "THE friend of forge pond" from Littleton, Mass. Not sure that should be a factor but just wanted to make everyone aware

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Mike M

1:08 pm on Friday, February 8, 2013

What are the odds of that? How about Friends of Forge Pond at Brick?

Katherine Lockwood

2:22 pm on Friday, February 8, 2013

Where is Mr Zingis, I feel its up to him. I look forward to his input, and hope we can get something going over the weekend.

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Paul Pallante

2:38 pm on Friday, February 8, 2013

I can get us a place to meet.... the beautify brick Facebook page is already set up.... There are more than just a handful of people on patch that feel this way about this issue and many others around town.

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Katherine Lockwood

2:46 pm on Friday, February 8, 2013

Thanks Paul, I joined the Beautify Brick page but not quite sure how we can communicate effectively there either without being able to privately message, just write a post?

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Katherine Lockwood

8:16 pm on Monday, February 11, 2013

7pm tomorrow if anyone is interested go to beautify brick Facebook page for details.

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clamdigger

9:08 pm on Monday, February 11, 2013

for those who don't use facebook why not post some details on here

Katherine Lockwood

9:21 pm on Monday, February 11, 2013

Sure, 7 pm at ocean queen diner a group will meet to discuss thoughts and concerns on redevelopment. Not sure how many people to expect but I assume whoever arrives first should just ask for a large table off to the side, group name friends of forge pond. We will tale it from there.

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