infrastructure

Asbury Park

Waterfront infrastructure finance plan approved

After lengthy public hearing, council approves unanimously

By Molly Mulshine
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City council members present at last night’s council meeting unanimously approved a waterfront infrastructure funding plan that has proven to be controversial at recent meetings. Mayor Ed Johnson, Deputy Mayor John M. Loffredo, Councilwoman Sue Henderson and Councilman Kevin Sanders all voted in favor of the ordinance enacting the plan. Councilman James Bruno was absent. The […]

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Feb 21, 2013
Asbury Park

City borrows $850,000 to finance underfunded projects

New senior center, waterfront arbitration, infrastructure costs to be paid off

By Molly Mulshine
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The city is borrowing about $850,000 to fund several projects that were previously approved by the council. These costs “had not [been] provided adequate liquidity or cash,” Kaplan said at the Dec. 5 council meeting. One ordinance was to fund the new senior center, built in the Springwood Center on Springwood Avenue. That project cost […]

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Dec 14, 2012
Asbury Park

Vive construction delay may end soon

City, iStar to present deal at Dec. 19 council meeting

By Molly Mulshine
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Construction at the Vive townhome site may recommence soon, as the city and waterfront redeveloper iStar Financial are close to finalizing an infrastructure agreement for the city’s entire waterfront area. The Vive project is linked to waterfront infrastructure because in arbitration between the city and iStar, it was decided that for iStar to retain its […]

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Dec 13, 2012

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