In fairness to Mayor James, Councilmen Brophy and Marchese they have only been in office for a month. I, along with the public, need to give them some time to get familiar with their new job. I expect eventually everything will be released. And I plan to stay on top of the issue until then.
I am not alone in my quest to find out more information. For example Marcia Atkinson posted the following comment this morning on the web site.
"I would like to know why the city didn't just condemn the property like the Board of Education did to the Highland Park Apartments.Why did
they pay so much for a property that was improperly maintained and
allowed to sit vacant for so long. Something isn't right here," Marcia Atkinson, Gloucester City.
I think we all agree with Marcia; you and I have a right to know how our tax dollars are being spent.
Why we are on the subject of real estate I did some research into how much commercial properties have sold for in Gloucester City in the past two years. *And found the highest paid for a commercial property in our City during that period was $375,000. The property was Billy's Tavern, which included the liquor license.
In talking with a local Realtor he said, "Commercial properties in our city do not warrant spending $425,000 for Dooley's. Nor does it warrant spending $600,000 for Gloucester Plumbing."
I forgot to mention City council voted last Thursday night to proceed with the purchase of Gloucester Plumbing Supply using UEZ funds. The last price I heard was $630,000. The owner of the Plumbing Supply, Joe Kenney, a member of the UEZ Board plans to construct a new building near the City Water Tower on South Broadway. The intricate details of that arrangement hasn't been released to the public either. At the same meeting the council finalized the arrangement to spend $460,000 on preliminary costs to build a new water plant.
Theresa Graham asked council during the public forum, "why isn't UEZ monies being spent on that project?"
Mayor James said today that he is under the impression that UEZ monies can only being used on projects benefiting the business community. To which I responded, "won't the business community benefit from a new water plant?"
Getting back to what the local real estate agent said. The fact supports his statement. Here are some of the commercial properties that have sold over the past four years selected from a list of 39 properties.
531 Monmouth (Camera Shop) sold for $152,500; 241 South Broadway, (Towne House Florist) $63,000; 115 N. Broadway, (Gloucester Deli) $40,000; 309 S. Broadway (Celtic Tavern), $30,000; 208 N. Broadway, (Sporting Good Store) $77,000; 124 S. Broadway, (Thrift Shop)$183,000; 524 Monmouth, (Jewelry store) $90,000.
Also, 527-529 Monmouth St., (the former 5 & 10) $300,000; 700 Monmouth St.,(Train Station) $300,000; 525 Monmouth St., (Drug Store) $132,500; 240 N. Broadway, (Chase Carpet) $145,000; 242 N. Broadway, (Chase Carpet) $150,000.
I like to hear what you think. So please take a moment to comment.
*Note: We asked for listings along Broadway and from each side of the main thruway four blocks back. Commercial properties on King Street or Route 130 were not included.
Comments BELOW POSTED JANUARY and FEBRUARY 2007
The cost of buying this building for the (rumor?) price mentioned of $425,000 and then demolishing it for whatever cost (which would be what???), serves what purpose? Who paid to have this building demolished...the taxpayers, the old owners, the new owners??? Does the city still own this property? If so, will they be charging Reel Fish the amount it cost to buy the building plus the cost of demolition? Or will the city simply sell the lot for $100,000 and lose the hundreds of thousands they put into buying it and then demolishing it? I know this building was bought under our former mayor and council. The decision to tear it down was ok'd by who...new or old officials? Was this the plan all along or did our new officials see a different view for the now lot? This whole thing doesn't make much sense to me and seems a little fishy (no pun intended). Not putting anyone down, judging anyone or anything of the such, just trying to understand the entire situation a little better as it's quite confusing.