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Re: Man found with 17 bags of crack cocaine after he was shot in Jersey City (Downtown)
#1
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Why was he arrested? He's an undocumented pharmacist in a Sanctuary City.

Posted on: Today 19:43
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Re: Wow - LSC's Updated Plans for SciTech Scity
#2
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Anyone saying this land is worthless is missing the fact that a plot half as large, across the street, sold for $35 million dollars TWO YEARS AGO.

And dolomiti, do you think Fulop is going to make people from downtown drive Grand/Pacific/Johnston/Phillips to get there, when NJ has already signed off on the Jersey Avenue connection and another developer is planning to build thousands of units that will benefit from that?

And yes, if the donors were donating the money-why would JC have to wait for (whoever it is) to be paid back first?

And in the revised plan, JC will be getting half the 'profits' (if any) from the get go.

It's a jello plan. You can't grab it, you can't examine it.

Posted on: Today 12:28
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Re: Wow - LSC's Updated Plans for SciTech Scity
#3
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Posted on: Yesterday 17:42
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Re: Wow - LSC's Updated Plans for SciTech Scity
#4
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The city is on its heels, changing shit up hours before the vote!

Is this the way to present a development that will end up costing a third of a billion dollars?

http://hudsoncountyview.com/ahead-of- ... ases-details-of-the-plan/

Posted on: 3/22 18:22
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Re: Wow - LSC's Updated Plans for SciTech Scity
#5
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http://www.nj.com/jjournal-news/index ... y_in_jersey_city_aim.html

This, of course, will happen, especially with the Mill Creek project and whatever happens with the SciTech land.

Posted on: 3/22 17:49
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Re: Wow - LSC's Updated Plans for SciTech Scity
#6
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@dolomiti, the Jersey Avenue is a done deal, has been-besides, do you think it won't happen if the LSC land grab goes through, lol?

Yes, it's not there but if anyone thinks that a real estate group spent $35 million dollars for the property in question that it wouldn't have access to both downtown AND the nearby Turnpike entrance/exit?

And enough with the 'it's not a loan'. From the murky details we can see, the LSC will hustle for donations, give the money to itself, then pay itself back with 'profits', ahead of paying the city back for the land.

Here's Fulop on this

The city would share in revenue only after profits hit $78 million. That is the amount in donations from LSC's donor base that LSC expects to divert to SciTech Scity to get the project moving, according to Fulop.

Now why wouldn't the donors just give the 'donation' to the LSC new project? Why does it need to be paid back?

Paid back, as in 'I owe someone something'.

Or, 'I'll gladly pay you Tuesday for a hamburger today'. Which, of course, never happens in Popeye, and won't happen here either.

Posted on: 3/22 16:05
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Re: Buying to live in Bergen-Lafayette a good idea?
#7
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Pebble, my point was that a Sotheby's sign in BeLa isn't a sign that the area is becoming upscale, as it has zero to do with the original Sotheby's luxury real estate company. It might as well be a Weichert sign-the Taubman group (which owned large parcels of real estate, including the Mall at Short Hills) sold off the name many years ago. When Sotheby's realty group was created it did deal in ultra high end homes, that's simply not the case now.

Posted on: 3/22 14:22
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Re: Wow - LSC's Updated Plans for SciTech Scity
#8
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@dolomiti, if it's not a loan, why does whoever put up the $78 million get it paid back (ahead of the city, who is giving up a very valuable piece of land without which the project is impossible?)

If it's a donation it shouldn't need to be paid back out of the 'profits' that may or may not ever come to fruition, right?

As far as the costs of operating a school, if only the building is 'free' shouldn't JC project what the other costs are-certainly having fair market value for the land would be a good start to pay for chairs, desks, labs, teacher/admin salaries . . .

Posted on: 3/22 14:14
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Re: Fulop: Trump’s proposed budget would cost Jersey City $9.6M in HUD funding
#9
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jsleeze, he's staying on a private island with one hotel. I guess the SS could helicopter in from another island . . . or paddle an outrigger . . . or use a Miami Vice powerboat . . . but the fact remains that the SS is providing 24/7 security while Barack Hussein Obama is spending a month in Polynesia. Which is fine and proper, as is providing protection for a First Family in office.

http://www.cnn.com/2017/03/17/politic ... s-barack-obama/index.html

Posted on: 3/21 18:15
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Re: Wow - LSC's Updated Plans for SciTech Scity
#10
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In a perverse kinda way, the fact that the schools suck so bad here means that anyone with kids who can afford to move to the burbs does just that, unless they can afford private school. I'm not even sure what JC HS is local to Newport-where do those kids go?

Posted on: 3/20 21:11
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Re: Buying to live in Bergen-Lafayette a good idea?
#11
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Quote:

Pebble wrote:
Hey look! Here's another thread about an area with people commenting on it without knowing a damn thing.

Considering that houses in BeLa have Sotheby's signs out front, I'd say gentrification has already come...


Sotheby's the auction house sold off their name years ago re:real estate . . . the nice blue signs have nothing to do with the auction house these days.

Posted on: 3/20 18:28
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Re: Wow - LSC's Updated Plans for SciTech Scity
#12
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Quote:

bodhipooh wrote:
Interesting that the teachers union would suddenly oppose this project. Such a move is more likely to make me want to support the project.

But, seriously, why the sudden interest and apparent opposition?


Since so little is known about the project I'd guess and say they're terrified the onsite school would be charter based.

Posted on: 3/20 15:41
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Re: Wow - LSC's Updated Plans for SciTech Scity
#13
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Quote:

Dolomiti wrote:
Quote:

Yvonne wrote:
How can the land be estimated at $20 when developers brought land one minute by car according to the google map for $35 million? That land is 7 1/2 acres.

It's not 1 minute by car. It's more like 10 minutes.

Unless they build a vehicular bridge over the Morris Canal, there is no direct route between the LSC lot and downtown.

We see this differential in lots for sale. E.g. there's a lot at 379 Communipaw, .25 acres for $200k. Another lot is at 423 Grand is .33 acres and... $4 million.

And those two lots are only a 3 minute drive apart.

Is it news to you that in real estate, location is critical?


Silly comment. First, the projected project will have access to Johnston Avenue and Phillips Street. Second, the extension of Jersey Avenue into LSP is planned. So yes, it's a direct comparison.

As far as the 'donation', since it's being paid back-and JC taxpayers are second in line to receive funds to compensate for the still-as-yet unknown value of the land-let's do this.

The comp for the 7.5 acre plot, in 2015, was $35 million.

Let's use that as the valuation, in 2017, for more than DOUBLE the acreage.

Put JC in front of the 'donors' who want their 'donation' back first from whatever 'profits' are generated from 'whatever' profit generators are 'planned' but have JC keep title to the land until such time as the valuation is paid back.

How about that, shouldn't JC taxpayers get some relief?

And the carrot of a 'free' high school-great, they build a school. Is LSC paying to maintain the school? Paying the staff/administrators/janitors? Since we know JC school aid is frozen from the state, and likely diminish because of School Adjustment Aid reforms, what will be the cost to JC taxpayers for this 'free school'?

Posted on: 3/20 11:27
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Re: Storefronts not shoveled
#14
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Jersey City had a crew of staff shoveling the sidewalks and parking lot of the school where Fulop is having his 'State of the City' campaign speech tomorrow night-nice Sunday doubletime gig to help him out! Did the same crew go to any other locations this weekend?

Posted on: 3/19 19:26
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Re: Wow - LSC's Updated Plans for SciTech Scity
#15
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I don't think the skate park has been completed at Berry Lane yet.

Posted on: 3/19 19:09
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Re: Wow - LSC's Updated Plans for SciTech Scity
#16
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She's correct on this, Bodi, it's the land just north of the LSC on the other side of Johnston and west of the Philips extension that leads to the stinky bridge.

http://forum.skyscraperpage.com/showthread.php?p=7686454

Edited to add-the $35 million land sale was closed almost two years ago, so it might not be market correct-could be worth more now.

Posted on: 3/19 14:27
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Re: Fulop: Trump’s proposed budget would cost Jersey City $9.6M in HUD funding
#17
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Quote:

TonyTwoPoops wrote:
Quote:

Monroe wrote:
Tony, Tony-our President hasn't been in office for two months yet; Obama was blaming Bush up until the last day of his 8 years in office, lol. I think we can let the sun shine on Obama for a bit longer.

Should I do a search and see if you whined about Joe Biden renting out a house to the SS staff protecting him at his house? Save me the time, can you recall?


Oh...you mean the rental property that cost $2,200 a month (the rate the previous tenants were paying)? Yeah I think that's pretty reasonable and not the same as $183 million a year so a kid can stay in private school while also insisting it's necessary to cut funding from programs that benefit veterans and the elderly.

Try to defend that logic and not bring up a democrat. I don't think that's acceptable no matter what your party affiliation is.



On just the money saved on the Air Force 1 replacement, and the Lockheed F35 renegotiation he can keep the First Lady and their son in Trump Tower for both his two terms and we'll still come out ahead-but you do know that they're coming to DC after the school year, right? So much of that expense goes away. Making America Great!

Posted on: 3/18 19:55
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Re: Wow - LSC's Updated Plans for SciTech Scity
#18
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Sorry, Dolomiti, I mistyped-it is 78 million. And in this link, the exec dir of the JCRA says that

'the Science center is currently raising 78 million of the 280 million cost and THAT WOULD HAVE TO BE PAID BACK FIRST FROM REVENUE GENERATED.'

That's what needs to repaid before the city gets a dime.

'Raising' and 'paid back'. Does that sound like a one way donation from supporters?

Do we know if they're borrowing against their endowment (if they have one), or will the city float bonds for this-who gives anyone 78 million with the expectation of getting it back without a plan, and that's before JC gets the land value back.

http://www.hudsonreporter.com/view/fu ... y_top_story#ixzz4b5OgoHst

Posted on: 3/18 18:45
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Re: Wow - LSC's Updated Plans for SciTech Scity
#19
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Quote:

Dolomiti wrote:
Quote:

Monroe wrote:
While I appreciate Steve coming here and giving his 2 cents, it's clear that there isn't a plan, but there is a dream.

Sure sounds like a plan.

They have a master plan; programming; a purpose; a board of directors; a structure for repaying the city for the land. They have more than enough of a plan to fundraise.

Given that construction won't start until at least late 2018, and it won't open until around 2021, how much more of a plan do you expect to see at this point?

LSC also has numerous corporate donors. Johnson & Johnson, United Airlines, Bloomberg, Pfizer, PSE&G, Bank of America, BASF... the list goes on. While this certainly does not guarantee they will raise the funds they want, it doesn't make sense to assume it's doomed from the start.

Sorry, but your comments just sounds like just sour grapes.


I respectfully disagree. They haven't put a value on the land. They don't have a single projection of what, if any, profit will be realized.

Without the value (cost basis), and the payback plan (what is the expected revenue from the gift shop/other 'profit' generators? How long will it take to 'pay back' the borrowed $85 million, before JC gets a cent back from the 'profit' generators? Will JC get interest on this delayed payback? There is no plan, at least not that anyone has seen. And I'd imagine it's for good reason, as JC will never see a dime for this land.

I'll repeat what I've said-I'd give Steve props if he just came out and told us the truth-the $ don't make sense, but he wants to do it anyway. If all these donors are waiting to jump aboard, let them pay fair market price for the land.

Posted on: 3/18 15:40
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Re: Fulop: Trump’s proposed budget would cost Jersey City $9.6M in HUD funding
#20
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Tony, Tony-our President hasn't been in office for two months yet; Obama was blaming Bush up until the last day of his 8 years in office, lol. I think we can let the sun shine on Obama for a bit longer.

Should I do a search and see if you whined about Joe Biden renting out a house to the SS staff protecting him at his house? Save me the time, can you recall?

Posted on: 3/18 15:02
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Re: Fulop: Trump’s proposed budget would cost Jersey City $9.6M in HUD funding
#21
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Yes, 'it's complicated'. But every other POTUS is measured by a similar standard, and Democrats pointed out the increase under Dubya's two terms.

So, yes, the debt doubled under Obama-and most economists agree that some deficit/debt is fine and dandy when we have decent or robust growth.

Obama was the first POTUS in history who never hit 3% growth, which makes his debt numbers even more execrable. And it was his anti-business, pro-social justice warrior attitude that drove it. Thank God that will be a memory soon and we can make America Great Again!

Posted on: 3/18 14:50
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Re: Fulop: Trump’s proposed budget would cost Jersey City $9.6M in HUD funding
#22
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Quote:

TonyTwoPoops wrote:
Hmmm so Trump gains $183 million in taxpayer money for the necessary expense of keeping Melania away from him and we get....budget cuts that don't even total that obscene amount and cuts tons of funding from people who aren't millionaires and actually need it?

Get some self esteem Monroe- even you should realize you deserve better than this.


Give me a break, do you want to break down every cost for every POTUS and their families? Right now, Obama is sunning himself on a private island in Tahiti-for a month-with Secret Service protection-an island with one hotel, where rooms start at $2K a night. Michelle is god knows where getting protection, as are both kids, one in DC and the other in NY.

How much is that costing us? Obama just signed a $60 million dollar book deal, and we're paying for SS protection at each of his three US residences to boot-should he kick some cash in?

And Obama's policies DOUBLED OUR FREAKING NATIONAL DEBT, and you're obsessed with the First Lady and child getting protection? If you can't get a grip, go buy one.

Posted on: 3/18 13:47
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Re: Buying to live in Bergen-Lafayette a good idea?
#23
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Quote:

RichMauro wrote:
Go to the section known as the Island off of Journal Square. It's pleasant and quiet and you'll be quite happy there.


I see only two houses for sale, and both are waaaaay over what you'd have to pay in the part of BeLa that the OP is writing about.

Posted on: 3/18 9:46
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Re: Wow - LSC's Updated Plans for SciTech Scity
#24
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While I appreciate Steve coming here and giving his 2 cents, it's clear that there isn't a plan, but there is a dream.

Sorry, dreams without a plan (especially a dream that will cost hundreds of millions of dollars) don't work. How the city could hand over a plot of land worth millions of dollars for nothing would get someone fired in the real world.

Posted on: 3/18 7:21
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Re: Gold Coast Broadband & Verizon Fios
#25
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Posted on: 3/17 18:18
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Re: Fulop: Trump’s proposed budget would cost Jersey City $9.6M in HUD funding
#26
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Of course. President Trump is doing a deal, he'll give up some and gain in other areas. But people overwhelmingly like cutting funds to the UN and foreign aid to countries that turn around and screw us.

Posted on: 3/17 15:08
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Re: Fulop: Trump’s proposed budget would cost Jersey City $9.6M in HUD funding
#27
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Give up the idea of JC being a Sanctuary City, with the projected loss of Federal funds, and JC might come out ahead after all. But don't cry about losing budget money when you're willing to lose other Federal revenue over 'progressive style points'.

Posted on: 3/17 14:20
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Re: Jersey City mayor-elect orders end to citywide reval
#28
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Quote:

hero69 wrote:
maybe its time that fulop put together a plan for a graduated phase-out of abatements in jersey city?


He already said (as councilman) that he'd do that if elected . . .

Posted on: 3/16 18:36
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Re: Wow - LSC's Updated Plans for SciTech Scity
#29
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JCguy05, the boom of '07 didn't come close to the LSC area.

I gave you a link to a giant development proposal to LSC, you ignore it.

'Access to nothing'? There is a NJ Turnpike exit right there, and a Hudson Bergen Light Rail stop, both within yards. And Fulop has plans to extend Jersey Avenue south to connect directly to LSP.

So, we have developers going nuts in the area (four or five active residential projects in the works), lots of commercial development (Sam AM, the old NuBar space, the new noodle shop going up next to the Lafayette Corner Store, two Grind Shop locations), lots of community support for another Light Rail stop west on Pacific)

Yeah, that land next to LSC is practically worthless!

Posted on: 3/16 17:27
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Re: Wow - LSC's Updated Plans for SciTech Scity
#30
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jcguy05, I guess it's a fantasy that a developer wants to plant a giant development directly to the north of the LSC . . . http://newyorkyimby.com/2017/01/2265- ... n-avenue-jersey-city.html

Posted on: 3/16 16:11
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