iStar Refuses to Negotiate on Bradley Cove; Woerner & Grant Appeal to CEO Sugarman

The City of Asbury Park has been attempting to negotiate with iStar for the development rights for the Bradley Cove development on the City’s north end beach for more than two years. iStar has refused. They want 19 million dollars for the 1/2 acre tract. Three independent appraisals put the value at about 3.5 million.

Last week Joe Woerner and Joyce Grant sent a letter appealing directly to iStar’s CEO Jay Sugarman.  Read the letter here and stay tuned for updates and action alerts to come shorty.

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