City, Sackman reach tentative agreement on Steinbach payments
Kelly: 'I think it's a good settlement'
City administration and downtown Asbury Park developer Sackman Enterprises have worked out a tentative agreement on five years’ worth of payments owed to the city on the Steinbach building. The amounts are owed under a payment in lieu of taxes [PILOT] agreement for the residential portion of the restored building located in the downtown business […]
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