Category Archives: Economy
September 2, 2010 – 5:37 am
File photo of the company’s headquarters overlooking the Navesink River. (Click to enlarge)
Homebuilder Hovnanian Enterprises slashed its net loss in its latest fiscal quarter, but still produced more red ink than Wall Street analysts were expecting, according to Bloomberg.
The Red Bank-based company racked up $72.9 million in losses in the period that ended July [...]
By redbankgreenman
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Also posted in Business, Government, Housing, Investing, Land Use & Zoning, Real Estate, Taxes, Wall Street
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Tagged earnings, homebuilder, homes, hovnanian, red bank nj, tax credit
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August 30, 2010 – 7:34 am
An abundance of ‘for sale’ signs caught the newspaper’s attention. (Photo by Dustin Racioppi; click to enlarge)
By DUSTIN RACIOPPI
The New York Post has been hanging around Rumson, and if you saw Sunday’s edition, you noticed the dispatch wasn’t as cheery as the recent flurry of features on the area.
Instead, New York City’s oldest paper took [...]
Rumson’s police union and the borough council have been at an impasse since December, 2006. (Photo by Dustin Racioppi; click to enlarge)
By DUSTIN RACIOPPI
For nearly four years, Rumson officials and its police union have been at loggerheads on a new contract. Earlier this week, a state arbitrator delivered a decision that has the council shocked [...]
By Dustin
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Also posted in Crime, Government, Jobs, Labor, Rumson, Taxes
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Tagged arbitration, chris christie, council, john ekdahl, nj, PBA, police, Rumson, union
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Shoppers on Broad Street, above, and Monmouth Street, below, hunt down bargains at the 2009 edition of the annual sidewalk sale. (Click to enlarge)
Recession-pinched consumers: this is your weekend.
The 56th annual edition of the Red Bank Sidewalk Sale opens Friday and runs through Sunday.
Racks and tables laden with clothing, footwear, housewares and other [...]
Landlord Jack Anderson says he’s gotten a number of proposals for the former Ashes space. (Click to enlarge)
A collective groan was heard through downtown Red Bank earlier this month went a court-appointed official abruptly shut down Ashes Cigar Bar, a high-profile if controversial eatery and bar that served as a nightlife anchor for more than [...]
By redbankgreenman
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Also posted in Business, Food and Drink, People, Real Estate, Restaurants, Retailing
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Tagged ashes, bar, blue water seafood, Broad Street, bunce atkinson, cigar, jack anderson, jack's music, real estate, red bank nj, restaurant, steak, vastardis
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Rejecting the advice of the borough planning board, the Red Bank Council last night said merchants may put sandwich-board advertising on sidewalks outside their establishments through the end of this year.
Overruling concerns that the signs would pose a safety hazard to pedestrians and violate the intent of the borough’s master plan, the council voted 5-1 [...]
By redbankgreenman
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Also posted in Business, Government, Land Use & Zoning, Public Facilities, Real Estate, Restaurants, Retailing
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Tagged advertising, council, Economy, merchants, pedestrian, planning board, red bank nj, sandwich board, sidewalk
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The property will be sold as two building lots, officials say. (Click to enlarge)
By EVAN SOLTAS
With its new municipal complex completed, Rumson plans to demolish its historic Center Street police station and sell the land as two residential lots, borough officials say.
The borough intends to raze the now-vacant station, which has long stood out among [...]
By redbankgreenman
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Also posted in Government, History, Housing, Land Use & Zoning, Public Facilities, Real Estate, Rumson
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Tagged bond, borough hall, center street, demolish, municipal building, police, raze, Rumson nj, station
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As Ray Mass (background) and Deborah Marks listened, zoning board member Vincent Light details his objection to granting variances for the proposed Courtyards at Monmouth housing project, below. (Click to enlarge)
Less than a year after a new zone was created at Red Bank’s train station to encourage a mix of high-density housing and retail [...]
By redbankgreenman
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Also posted in Government, Housing, Land Use & Zoning, Parking, Real Estate, Streets & Roads, Transportation
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Tagged amboy bank, courtyards, GS realty, Housing, monmouth, overlay, Parking, red bank nj, retail, Traffic, transit village, zoning board
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The Rumson Borough Council met at a special meeting Tuesday afternoon to finalize the budget. (Photo by Dustin Racioppi; click to enlarge)
By DUSTIN RACIOPPI
Unlike its neighbors to the west, Little Silver and Fair Haven, Rumson won’t be able to pull off one of those improbable shrinking New Jersey budgets in 2010.
After two years of holding [...]
A skateboarder uses the township’s closed skate park despite the padlocks on the gates. (Photo by Dustin Racioppi; click to enlarge)
By DUSTIN RACIOPPI
Shawn Sharkey is trying to balance his dejection and confusion these days.
Last summer, he and his friends would head to Middletown’s municipal skate park, in the Port Monmouth section of town, and skateboard [...]
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