Exactly!  That is just the message I was going to post, so where
does a potential bankruptcy, leave the City and the properties
that the last 3 developers were supposed to be managing/owning/co-owning, etc.  
Thank you for keeping us informed.  The powers that be, certainly aren't!  Who 
OWNS Asbury Park's Boardwalk, Convention Hall, Casino, etc.?


--- In [email protected], "dfsavgny" <dfsav...@...> wrote:
>
> 
> 
> --- In [email protected], "oakdorf" <oakdorf@> wrote:
> >
> > Given the news (iStar Financial is mulling a strategic bankruptcy), the 
> > company should ultimately come out of it - if it happens - cleaner, and 
> > technically make SFI more valuable rather than less valuable>
> 
> 
> I am wondering (and I have passed that message along) whether this would 
> trigger the bankruptcy provision of the WRA and allow the City to take back 
> the development area.
>




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