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Category Archives: Economy

The borough council ordered up an appraisal on the disused borough parking lot at the foot of Maple Avenue last month, with an eye toward a possible sale. Pushback on Red Bank Mayor Pasquale Menna's plan to sell a disused...
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April 3rd, 2008 @ 8am
Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
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RiverCenter's office is at 20 Broad Street. Last week, Red Bank RiverCenter executive director Nancy Adams presented the business-promotion organization's budget to the borough council. The spending plan, totalling $624,052, is 3.3 percent larger than the 2007 version. (Alas, RiverCenter...
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March 31st, 2008 @ 10am
Much as it was for other retailers, the late-2007 holiday shopping season was tough one for Tiffany & Co., which opened a store in Red Bank just as the season was kicking off. But even as its fourth-quarter profit shrank,...
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March 24th, 2008 @ 8am
SeaStreak, the ferry line that zips commuters to Wall Street and midtown Manhattan from docks in Highlands and Atlantic Highlands, appears to have found a white knight. The four-catamaran line's parent company, Sea Containers America Inc., confirmed today that it...
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March 18th, 2008 @ 2pm
The Courtyard at Monmouth project, which exists only on paper, is on the block. Little more than a week after he won approval for plan to transform a grubby corner of Red Bank into a little hunk 'o Hoboken, would-be...
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March 13th, 2008 @ 10am
Two views of the disused borough parking lot at the foot of Maple Avenue that may come up for sale this year. Click to enlarge images. Hoping to trim a proposed budget that would otherwise sock property owners with a...
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March 12th, 2008 @ 12pm
Red Bank officials last night introduced a proposed 2008-'09 budget that would increase the local portion of the typical homeowner's property taxes by $311.20 per year. The figure is just a starting point for several weeks of refining and public...
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March 11th, 2008 @ 10am
Red Bank Catholic and St. James Elementary School are about to see their trash-removal costs rise. Red Bank is tightening its fiscal belt, and non-profits that generate more trash than the typical household are about to feel the pinch. Last...
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March 11th, 2008 @ 7am
Red Bank-based Hovnanian Enterprises reported its sixth consecutive quarterly loss yesterday, this time a $131 million shortfall that was double the year-prior amount. The publicly traded homebuilder, which operates in 19 states, managed to sell more units in its lastest...
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March 11th, 2008 @ 6am
Oh, brother: this one's headed to Freehold. The Red Bank council has authorized Borough Attorney Tom Hall to file a suit against the Community YMCA over that organization's plan to sell the Children's Cultural Center, redbankgreen has learned. At issue,...
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February 28th, 2008 @ 2pm
When the economy is, um, flush, and the infrastructure doesn't break down, Red Bank's water utility sometimes generates a surplus that gets poured into the general fund. That happened last year, when $300,000 was moved, offsetting the need for that...
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February 28th, 2008 @ 8am
The special assessments are being collected — and have been since last September. Now, Red Bank RiverCenter is moving to solicit input from business owners in the West Side expansion zone about how those funds might best be spent to...
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February 25th, 2008 @ 10am
Might there be another summer of cocktails on the beach after all? By LINDA G. RASTELLI For the second time in six months, the owners of Donovan's Reef are back to square one in their effort to sell the beachfront...
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February 25th, 2008 @ 6am
The Bistro's George Lyristis: "You can't always ask somebody else to fix the problem." Business is tough these days for many Red Bank restaurants. And it's not simply a matter of the winter blahs. The economy has soured. Would-be patrons...
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February 19th, 2008 @ 7am
A revaluation of property in Middletown that Monmouth County wanted effective this year won't be, today's Asbury Park Press reports. From the story: County officials are now probing why Middletown did not comply with an order from the Monmouth County...
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February 14th, 2008 @ 8am
This time three weeks ago, shares of Hovnanian Enterprises were at a seven-year low, trading below $5 apiece. Four dollars and eighty cents, actually, as of the close on Jan. 9. No doubt investors who'd bought the stock as it...
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February 1st, 2008 @ 7am
Ailing national homebuilding giant Hovnanian Enterprises saw its stock and debt downgraded by a major ratings agency yesterday, but investors bid the company's stock up neatly anyway. The price of a share rose 70 cents, or almost 12 percent, to...
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January 17th, 2008 @ 6am
Tiffany & Co., which opened much-anticipated new store on Broad Street in November, saw sales in its American stores that had been open a year or more dip 2 percent in the November-December period, the jeweler announced late last week....
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January 14th, 2008 @ 6am
Sold, for more than the seller ever dreamed: 25 Broad Street. Stuart Paer's request to the Red Bank Planning Board on Monday night went through like lightning. He was asking for a change of use for the second-floor space in...
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January 9th, 2008 @ 11am
Today's Star-Ledger takes a look at the "dismal" year that Red Bank-based Hovnanian Enterprises has had. And the coming year doesn't look at lot brighter. But to make that point, the page-one story kicks off with an an anecdote that...
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December 26th, 2007 @ 8am
Partyline
RBG CUB SIGHTING
A Partyline contributor positioned on the dais at Thursday's meeting of the Zoning Board of Adjustment captured redbankgreen reporter intern ...
DOWNPOUR STRAINS DRAIN
Partyline captures video of a flooded intersection during Tuesday's afternoon thunderstorm.
STILL ‘OPEN’ SPACE
Next to Fins and Feathers, very surprised to see an overgrown parking lot that still sits there…overgrown and with blacktop. (Photo and te ...
DARK COMEDY BY JERSEY DIRECTOR OPENS FILM FEST
Indie Street Film Festival kicks off with "In Memoriam," a dark comedy about an actor with six months to live.
Indie Street Film Festival Kicks Off
Indie Street Film Festival kicks off.
KUDOS FOR RBCS FINANCE WHIZZES
Monmouth County Board of Commissioners and Borough Council honor Red Bank Charter School students who took second place in a national financ ...
MARINE PARK HOT DOGS
Red Bank's newly remade Marine Park also has a new lunch option, a newly licensed hot dog cart.
MATCHA CLOSE UP
Partyline captures a photographer working for Aura Coffee Roaster angles for the perfect shot of two iced matcha lattes on Broad Street Mond ...
SOUTH STREET AUTHOR TO READ AT LIBRARY SATURDAY
South Street resident Scott Robertson will read selections from his book, Contents of a Curious Mind, Saturday, Aug. 8, from 11:30 a.m. to 1 ...
EARTH SPIRIT FOUNDER DIES
Jocelyn Ruth Midose, longtime owner of Earth Spirit New Age Center has died.
A PERFECT NATIONAL NIGHT OUT
The annual National Night Out event organized by the Red Bank Police Department drew hundreds to frolic amid the green grass and cotton cand ...
Blackhawk Helicopter Arrives for National Night Out
The Blackhawk helicopter has arrived. Everyone’s favorite part of each National Night Out hosted by the Red Bank Police Department jus ...
PARKING METER MOMENT
Patty Bishop of Verona was halfway through her haircut at Fox & Jane when she realized she needed to feed the parking meter. After she p ...
JOIN US AT JJ’S – PLEASE!
A doe-eyed sect of sentient boba teas sweetly beseeches us to join their adorable cult outside of JJ Delicacies this sticky August Sunday!
NEIGHBORS GATHER AT TINO’S
Chris Havens of River Street gathered group of Red Bankers for dinner on Thursday night. The gathering was in the back patio of Tino’s Mex ...
TREE BRANCH VS CAR
A tree branch fell on a parked car on Chestnut Street near Pearl Street Sunday. Submitted by Brian Donohue
APOSTROPHE CATASTROPHE
As a curmudgeonly curator of terrible punctuation on public signs, I’ve seen and shaken my head at a lot of gratuitous quotation marks ...
DANE FOR DEMOCRACY
redbankgreen Partyline captures a great dane who, all signs indicate, has had enough.
SUNFLOWER GAUNTLET
On the Partyline: a sunflower guantlet on River Street.
VIGIL FOR 68 DEAD
About 100 people attended a Saturday vigil at Johnny Jazz Park in Red Bank as part of a nationwide series of events to mourn the lives of pe ...