Redevelopment of the Bayonne MOT
From the Star Ledger:
I'm somewhat surprised to see those comments from Hughes. Not that he hasn't always been a champion of business and smart growth, but that the basis of his argument is that the housing boom is over.
Caveat Emptor!
Grim
Stark contrasts in 'Peninsula' visions
By RONALD LEIR
Is there a container port in Bayonne's future? Tuesday's mayoral runoff election could determine the outcome.
Patrick Conaghan, who wants to unseat Mayor Joseph V. Doria Jr., says the city must redevelop the former 430-acre Military Ocean Terminal - now known as the Peninsula at Bayonne Harbor - as a container facility to reap an immediate financial windfall and for years to come.
Doria, who only a few years ago had championed the idea of containers and luxury homes co-existing at the MOT, now warns in campaign ads that a container port would translate to massive problems with traffic, security and taxes. He advocates a mixed-use development of the MOT.
The MOT redevelopment plan drafted by the Bayonne Local Redevelopment Authority (BLRA) calls for a 125-acre maritime industrial district now partly occupied by the Royal Caribbean International cruise line
James Hughes, a dean with the Eagleton Institute for Policy and Planning, said that given the importance of shipping, warehousing and distribution of goods to the state's economy, coupled with rising interest rates and the prospect of a saturated housing market, it would make sense for Bayonne to explore the potential use of a container port.
I'm somewhat surprised to see those comments from Hughes. Not that he hasn't always been a champion of business and smart growth, but that the basis of his argument is that the housing boom is over.
Caveat Emptor!
Grim
5 Comments:
(Sorry about the odd formatting, still in the process of migrating data over to the new blog)
grim
From Bloomberg:
U.S. Economy: Import Prices Surge Twice as Much as Forecast
Prices of goods imported into the U.S. rose more than twice as much as expected in May, led by soaring costs of crude oil and metals.
The 1.6 percent increase reported by the Labor Department in Washington today compares with a median forecast of 0.7 percent from economists surveyed by Bloomberg News. The trade deficit widened to $63.4 billion in April as the cost of fuel climbed, the Commerce Department said in a separate report.
The increase in import prices adds to concerns that inflation is picking up, which will likely prompt the Federal Reserve to lift its benchmark interest rate again at the end of this month. At least four Fed policy makers, including Chairman Ben S. Bernanke, said this week the level of inflation is a cause for concern.
Did you check the link given in the first ad, which pointed to an older ad with pictures?
This is from that ad:
Come by and make me an offer so I can move into my "new" shitty 70 year old, 2 bedroom cape with peace of mind.
http://newjersey.craigslist.org/rfs/167373919.html
Desperate Sellers...
For anyone know Hoboken,
How much rent can this desperate seller get for this 2 bed loft????
njgal
So the the 479k asking with 1100 monthly fees still is a rip off. When I can rent it for about 2K.
The seller is in trouble.
Anon @ 12:29
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