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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
SOMEWHERE OVER THE RAINBOW
Stunning rainbow over Red Bank as a big weekend storm approaches.
“FESTIVA” YACHT DOCKED AT MARINE PARK
Festiva, an 85-foot yacht, was docked at Marine Park on Friday night. Red Bank Green spoke to the owner, Everett Moore, who said that it was ...
OH NO! ELMO LOST!
A lost Elmo appears to be reaching out for help through the redbankgreen Partyline.
NAVESINK SPILLS OVER
Nor'easter stacks tides up in the Navesink, pushing the river over its (Red) banks.
BUZZ LIGHTYEAR WATCHES LINE DANCERS
redbankgreen Partyline captures Buzz Lighyear watching the line dancers on Broadwalk Monday night. 
EGRET-FUL END TO SUMMER
A great egret patrols the shallows of the Swimming River in front of the Red Bank Primary School last week. Submitted by Brian Donohue
COMMUNITY MESSAGE BOARD NOW OPEN ON HUDSON AVENUE
Community message board open! The RBPD has placed a mobile display board on Hudson Avenue. Send captions and messages you’d like to se ...
A CHIEF’S FAREWELL
Funeral services at St. James church and a large American flag suspended over Broad Street from an RBFD hook and ladder for former Red Bank ...
COIFFING GUARD
redbankgreen Partyline captures super cool crossing guard just chilllin'.
SURF TACO RE-OPENS NEW LOOK DINING ROOM
Partyliner captures Surf Taco's new look dining room.
STEEPLETOP RAVEN
redbankgreen Partyline: a raven calls out from atop the steeple of St. James Church.
CARPENTER OR COMPETITOR? HOT DOG TRUCK RIVALS EMERGE IN RED BANK
On the redbankgreen Partyline: with two new hot dog vendors opening this summer, even a carpenter's box truck makes one wonder.
BOONDOCKS SWAN
redbankgreen Partyline: Swan on the Navesink River as seen from Boondocks restaurant.
9/11 TRIBUTE
Bailey Bryce Holiday and her father Bobby Holiday Jr. paint the lawn at Riverside Gardens Park Tuesday in preparation for the upcoming comme ...
PILGRIM BAPTIST TO JAMAICA
Recently, Pilgrim Baptist Church of Red Bank traveled to Trelawny Parish of Jamaica on a Relief & Recovery Mission Trip.  The Mission T ...
SNAIL WEATHER
Overnight rains and warm humid temperatures brought out a parade of snails along the access path to the Red Bank Primary School near Locust ...
ECHOES OF THE PAST IN TILE
Next to Playa Bowls. Always fascinated how this has stood here this long. (Submitted by Joseph Jakub)
VIVA LA ELSIE’S
redbankgreen Partyline captures French visitor enjoying a pickle sub from Elsie's.
Truck strike downs pole
A truck struck a utility pole at the intersection of Catherine Street and Shrewsbury Avenue at about 8 am Monday morning. The pole wss compl ...
THRONGS FLOCK TO RED BANK STREET FAIR
redbankgreen Partyline: Thousands fill the streets of Red Bank for street fair.