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This whole thing is a disaster just like the powerhouse renovation on 2nd street. They don't have the funds to demolish then rebuild that massive area and no commercial developer will touch that mess as it's not an economically feasible project without major public funding.

Those idiots at JCRA have no idea what they are doing, it is ran by morons. They have no long term strategic plan when they start a project, it's all about the short term to big a make headline.

I wouldn't hold my breath anything will happen. The beacon next door is a massive money loser for anyone who purchased - if you bought during the bubble you lost your shirt, if you bought during the lowest point in 2010/11 you see no appreciation in your property value. Meanwhile almost all the real estate around downtown and jsq area has went up 20-30% since the low in 2010/2011. Just look at the number of short sales in the beacon that's still going on. They had to convert the remaining buildings into rentals because noone is buying condos there other than a few shortsales at a big loss.

JCRA needs a complete reorg, so it is not ran by morons and would stop wasting taxpayer's money with nothing to show for it.

Has anyone heard anything about the future of this site?
The last thing on NJ.com was over a year ago.

http://www.nj.com/jjournal-news/index ... ys_montgomery_garden.html

The JC housing authority does not list any updates

For those of you who are unfamiliar with this area, this is what the buildings look like now - note the lowest two floors on each building are boarded up.

https://www.flickr.com/photos/jonathansabrams/10762307883/