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Feburary 7, 2005

ASBURY PARTNERS HOSTS FIRST IN A SERIES OF COMMUNITY MEETINGS TO DISCUSS THE PROGRESS AND CHALLENGES OF CITY'S REDEVELOPMENT


Pictured from left to right are: Larry Fishman, Asbury Partners; Dr. Guy McCombs, Asbury Partners; Mike McNeil, S.T.E.P.S.; and Hazel Samuels, Department of Housing and Economic Development.
More than 25 community leaders representing diverse organizations throughout Asbury Park, New Jersey, attended a breakfast meeting in late January, with Larry Fishman, chief operating officer of Asbury Partners, LLC, the designated redeveloper of the 56-acre waterfront redevelopment, Oceanfront Asbury. It represented the first in a series of gatherings planned by the redeveloper to provide an open forum for discussion about the progress and challenges of the waterfront redevelopment. The event, organized by Dr. Guy McCombs, community liaison for Asbury Partners, and Mike McNeil from “Solution to End Poverty Soon” (S.T.E.P.S.), took place at Asbury Partners’ headquarters on the boardwalk in Asbury Park.

“Now that significant progress is taking place, many of us have questions about the current activity and what will occur in the near future. The goal of this event was to provide an opportunity to share our thoughts and feelings about the redevelopment,” noted McNeil. Attendees included local ministers, minority contractors, Asbury Park school officials and teachers and other interested organization representatives and business people. Most also were long-time residents of Asbury Park.

“Larry Fishman is a very down-to-earth person,” McNeil noted. “He was very receptive to our questions and concerns and provided us with a wealth of information.

His candid and knowledgeable manner generated a wonderful, enthusiastic response, and I think we all learned a great deal from each other.”

Jobs and Affordable Housing Among the Key Topics

Much of the discussion focused on how residents of the City could benefit from the progress on the waterfront. Among the participants, Hazel Samuels, head of the Department of Housing and Economic Development, noted: “Asbury Park is moving forward and the momentum is building. City officials are focused on the whole city as it moves forward with the redevelopment. I am interested professionally and as a resident – someone who chose to raise my family here. I want to be part of the effort to help people born and raised here stay here . . . to provide affordable housing to be sure there’s a place for everyone as the City blossoms and grows.”

Other attendees were focused on how to get jobs and training for the residents of the City, how to help the young people, and how to provide an environment that is inclusionary on the waterfront.

Fishman clarified Asbury Partners’ role as a “facilitator” for the group and described his firm’s genuine interest in enabling the businesses and residents of Asbury Park to participate in the project. “Asbury Partners has invested $40 million of its own money in the redevelopment so far, because we believe in Asbury Park,” he said. “The Waterfront Plan is the City’s plan, and it incorporates a number of community initiatives including $7 million for affordable housing, preferential hiring for city residents and businesses, and training programs.

He said that all the project’s sub-developers understand these initiatives and are on board with them and said that the recent addition of a City Workforce Development Director is both representative of the progress, and a chance to create a central clearinghouse of people eligible for jobs and training. “It is in the best interest of everyone to make this happen,” Fishman added. “When this redevelopment began in 2001, the City did not have the financial ability to address the issues of workforce development. Now they do, and the waterfront
redevelopment has been key in this progress – with millions of dollars generated in tax revenues.”

“The waterfront redevelopment has four active components in 2005: the residential construction taking place at Wesley Grove at Asbury Park and North Beach at Asbury Park, as well as the $50 million infrastructure improvement program, which is about to be launched by the Partners, and the plans being finalized for the former C-8 building. All include significant initiatives and commitments to use the local workforce. What we now need is the list of qualified people, the local contractors to bid on the jobs . . . with the involvement of this group, the City’s workforce development team, and the developers of Oceanfront Asbury, we can make this a project that benefits so many in the City.”

“The participation of the local community is very important now,” McNeil agreed. “We are formulating those lists, and the meeting at Asbury Partners brought many of us together at the same table. We have the momentum, and we intend to work with the waterfront redevelopers and City Government, to take advantage of those initiatives incorporated in the Plan.”

“Meetings such as today are positive as it provides a forum for communication with the community,” Samuels added. “Everyone in this room is interested in helping Asbury Park’s revitalization succeed, and this is a very positive step towards that goal.”