The Coaster
Monday, September 25, 2023
No Result
View All Result
  • Browse News by Town
    • Allenhurst
    • Asbury Park
    • Avon
    • Bradley Beach
    • Deal
    • Interlaken
    • Loch Arbour
    • Long Branch
    • Neptune
    • Neptune City
    • Ocean Grove
    • Ocean Township
    • Tinton Falls
  • e-Edition
    • Read Now
    • Subscribe to e-Edition
  • About Us
  • Advertise
  • Contact Us
Subscribe / Renew
  • Browse News by Town
    • Allenhurst
    • Asbury Park
    • Avon
    • Bradley Beach
    • Deal
    • Interlaken
    • Loch Arbour
    • Long Branch
    • Neptune
    • Neptune City
    • Ocean Grove
    • Ocean Township
    • Tinton Falls
  • e-Edition
    • Read Now
    • Subscribe to e-Edition
  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
The Coaster
No Result
View All Result
Home Asbury Park

Long Term Tax Relief Granted by City to Sackman Enterprises

by The Coaster Editorial Staff
November 6, 2019
in Asbury Park
27
VIEWS
Share on FacebookShare via EmailShare on Twitter

By JOANNE L. PAPAIANNI

Asbury Park officials granted long term tax relief to Sackman Enterprises for its 545 Lake Avenue project.

In casting their votes, Mayor John Moor and City Council members reluctantly voted to approve the tax relief.

After the vote Moor explained that the council had no choice but to approve the plan because the city lost a lawsuit with the developer.

“The reason there is hesitation is we took this to court and we lost,” Moor explained before casting his yes vote.

The mayor said eight years ago a previous council granted the tax P.I.L.O.T. (Payment in lieu of taxes) and one year ago this council denied it before it ended up in a courtroom where the decision was overturned.

The financial agreement is for 21 years with an annual service charged equal to 10 percent of the annual gross revenue.

The five-story project includes 60 residential units with ground floor parking for 84 spaces.

The city announced that beach revenue was up from last year especially among adults with 2,450 more beach passes sold to adults this year.

Overall revenue increased by $7,640 from last year’s $487,000.

Parking revenue is estimated to be about a 15 percent increase but officials said there would be no final figures released until the end of the year.

A representative from Keystone+Mountain+Lakes Regional Council of Carpenters, Anthony Capelli, announced at the meeting that workers were needed for a new local building project.

He said all skill levels will be considered for training.

“Anyone who wants to be a carpenter is needed, we can build the town,” Capelli.

Contact Capelli at 609.567.0400 or 609.914.5078 (cell).

Related Posts

2 Teens Charged in Asbury Park Fatal Shooting

2 Teens Charged in Asbury Park Fatal Shooting

September 22, 2023
Wellness Garden Opened by County Boys and Girls Club in Asbury Park

Wellness Garden Opened by County Boys and Girls Club in Asbury Park

September 20, 2023

Sea.Hear. Now Festival

September 20, 2023

Sea.Hear. Now Festival

September 20, 2023
Asbury Park’s Grand Hotels and Evolution of Early Black Music

Asbury Park’s Grand Hotels and Evolution of Early Black Music

September 20, 2023
Movies Return to The ShowRoom Oct. 29

LGBTQ Film Fest at Showroom

September 19, 2023

Trending This Week

2 Teens Charged in Asbury Park Fatal Shooting

2 Teens Charged in Asbury Park Fatal Shooting

September 22, 2023
Asbury Park’s Grand Hotels and Evolution of Early Black Music

Asbury Park’s Grand Hotels and Evolution of Early Black Music

September 20, 2023
Allenhurst Police Blotter

Allenhurst Police Blotter

September 20, 2023
Sea. Hear. Now Festival

Sea. Hear. Now Festival

September 20, 2023

Advertise Online with The Coaster

Advertise on The Coaster to reach countless new customers for your local business.

START ADVERTISING TODAY

E-mail Newsletter

Sign up to get a free weekly newsletter to your inbox.

Subscribe

Contact Us

The Coaster
1011 Main St
Asbury Park, NJ 07712
Phone: 732-775-3010
FAX: 732-775-8345
editor@thecoaster.net

Email Newsletter »

All Articles

  • 2023 Articles
  • 2022 Articles

e-Edition

  • All e-Editions
  • Subscribe to e-Edition

Search Our Site

No Result
View All Result

Edit Account
Logout

© 2023 The New Coaster, LLC. All rights reserved. • Privacy Policy

No Result
View All Result
  • Browse News by Town
    • Allenhurst
    • Asbury Park
    • Avon
    • Bradley Beach
    • Deal
    • Interlaken
    • Loch Arbour
    • Long Branch
    • Neptune
    • Neptune City
    • Ocean Grove
    • Ocean Township
    • Tinton Falls
  • e-Edition
    • Read Now
    • Subscribe to e-Edition
  • About Us
  • Advertise
  • Contact Us
Subscribe / Renew

© 2023 The New Coaster, LLC. All rights reserved. • Privacy Policy