|The Unfinished Esperanza Awaits Sheriff's Sale
But Geibel is still an optimist. For the past three years, while the one square block concrete and rebar construction has stood frozen in time, collecting rainwater and rust and holding down area market values, he has issued assurities that the hammers would return any day. Most recently he told Paul Booth, of the Coaster weekly, that "We're in the middle of working out a deal on the property and I don't think foreclosure will happen." He's hoping the bank won't want to take on the property.
For residents of Asbury Park it is like watching your despised mother-in-law driving off a cliff in your brand new Mazerati. But that's not an apt comparison at all, since once this prime lot is auctioned off like the castoffs from an estate the inheritors have already picked over, getting someone who can still appreciate it's worth, with the best of intentions and the money to carry them out will be even less likely. The scavengers will start circling...
We repeat, take back the redevelopment rights from Metro for failure to perform and sell the rights to someone else!! City Hall, please, show some muscle to these guys. You know, the way you do it so well when our property taxes are two days overdue!!