Wednesday, April 12, 2006

NJ's Waterfront Businesses Squeezed By Eminent Domain

From the Star Ledger:

THE NEXT WAVE OF DEVELOPMENT

Lighthouse Bay and Amboy Aggregates are neighbors on the Raritan Bay waterfront.

One is an upscale South Amboy community where homes sell for more than $1 million. Homeowners want to be by the water, and pay a premium for the privilege.

The other is a company that processes sand dredged from the ocean into construction material, a holdover from the industrial days of the North Jersey waterfront.

As waterfront property in New Jersey becomes increasingly valuable, companies like Amboy Aggre gates are discovering they are no longer wanted. The city has plans for an expansive waterfront office and hotel complex and is trying to seize the property through eminent domain.

But unlike other companies that are forced to move to make way for gentrification, businesses that need to be on the water have no place to go in New Jersey.

...
Other water-oriented companies along New Jersey's coast from the George Washington Bridge to the Raritan Bay face the same pressures.

In Perth Amboy, Tri-State Dry Dock was forced out of business after the city threatened to seize its waterfront land to make way for a $600 million residential and retail development.

Union Dry Dock, an old shipyard and barge maintenance facility in Hoboken, is one of the few businesses left on the city's Hudson River waterfront, but company officials are constantly worrying about how long it will be before they are squeezed out.
...
Officials in cities that still have industrial waterfront businesses, or have condemned industrial land, say the companies are skeletons of what they once were. The land is underused, they say, and could be put to greater public good with pretty waterfront walkways and ritzy housing.

Caveat Emptor!
Grim

12 Comments:

Anonymous Anonymous said...

am i the only one who thinks NJ is way overcrowded? Perhaps time to move around

4/12/2006 06:44:00 AM  
Blogger bairen said...

How much longer before eminent domain is used so a builder can takeover a few small ranches that are side by side to build a mcmansion or two slap up a few dozen or so condos and townhouses?

Why are the liberal blue states the ones that have the least respect for property ownership rights?

4/12/2006 06:56:00 AM  
Blogger grim said...

Exactly.

Many homeowners stand behind eminent domain when it benefits them directly.

What would homeowners in that development say if the state wanted to raze their community to build a shipyard?

Or like bairen mentions, where do you draw the line? At what point will towns look to raze whole blocks of residential homes in order to build malls or condos?

Homeowners are being shortsighted by supporting these takeovers. Little do they know they might be next.

grim

4/12/2006 07:24:00 AM  
Blogger pesche22 said...

grim,

take a look at whats going on
with the Mills Corp.

another taxpaper ,, take it in the shorts..

they are going to have bring another developer for the meadowlands or a partner.

4/12/2006 08:56:00 AM  
Blogger bubble disciple said...

The wealthier communities can usually block this. But if you live in a working class (i.e. hourly wage) community, watch out...

This has been going on for decades. Remember the Cross Bronx Expressway?

4/12/2006 03:33:00 PM  
Anonymous The ghost of Frank "I'm the law" Hague said...

The big difference is when I used to do this, it was for god damn road or hospital. Not for some cheap ass strip mall and bad condos.

I'll admit it, I was a hell of a crook. But, I built the Margaret Hague Hospital (I really loved mom) it later became the Jersey City Medical Center not the Jersey City Mall. I took care of the downtrodden. I created my own Police Dept -the Hudson County Police Dept -- and every holiday I had those boys in blue getting donations for the poor. No one starved in my Jersey City, and I kept it dry, if you were a luch, you went into Hoboken or Union City for your wisky, you ever wonder why Guttenburg had so many bars....

4/12/2006 04:05:00 PM  
Anonymous Anonymous said...

Another example of why the lefty's in NJ don't want people to have guns, it just plain easier to take your stuff, if you are disarmed.

4/12/2006 04:45:00 PM  
Anonymous Anonymous said...

This is a good move. We have too many companies spewing their pollutants into our water and our air. We have a notorious reputation for highways that smell like *%^&!
At least townhome/condo owners don't pollute our environment.

This is a great move for NJ, and beckons a bright future for the state.

4/12/2006 07:02:00 PM  
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