> > into doing that when I was at Bank of NY. We were going to > relocate > our Manasquan operations office and our Bradley Beach > branch to Grand Ave > > > - and they said....? >
BNY picked out a building to rent on Grand, hired an architect to draw up plans which included a shower/locker room so visiting offices could go to the beach. Unfortunately, the building's owner was in my opinion playing games with the bank. I can guess at his motives, but that is all they are - guesses. We were held up for quite some time and we started looking for another spot. By then, Chase bought BNY's retail and mortgage division. If we'd moved right away there might be a Chase branch there now. I am familiar with the Villages. My parents looked into them. The plan is appealing to some people I guess. The community development side of me hates, hates, hates retirement communities. I think they are in some violation of the Fair Housing Act as they discriminate against people with children. I still think that an affordable community is one with a balance of citizens. I don't expect any large business to relocate entirely to AP. You're right. It is too small to house a corporate headquarters. It could hold several satellite offices. The BNY offices in Manasquan were only 2 floors. We would have had more room in AP and could have had a branch on the ground floor. Renovations were just a part of the cost analysis. They were looking at the long-term tax savings from being in the UEZ and hiring locally. The costs were worth the benefits. BNY was a fairly conservative company, but they were forward thinking. That's probably why they sold retail and mortgage before the fiasco. I still think the city could lure in more variety of businesses. Have you ever been to Newburgh, NY? That is where BNY moved their major lending operations. The office was in a "dead" industrial zone. They'd never leave Wall Street. One Wall was our executive office in the house that Hamilton built. They were happy to move their other locations though. Here's a link to NJDCA about Urban Enterprise Zones http://www.nj.gov/dca/affiliates/uez/about/ ------------------------------------ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[email protected] mailto:[email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
