By LINDA G. RASTELLI
Mayor Jo-Ann Kalaka-Adams tells redbankgreen today that the sellers have rejected the borough’s offer for the beachfront property.
Though she declined to immediately disclose how much the borough offered, she says the sum matched an appraised value for the property, which has 82 parking spaces the borough covets, among other assets.
The sellers, members of the Bowler family, are asking $4.5 million.
“It was much ado about nothing,” Kalaka-Adams says. “We offered them the appraisal price, not the asking price, and they turned down our offer.”
Chris Bowler, a co-owner who also owns Brannigan’s Bar & Grill in Red Bank, confirmed that the deal talks are over.
“We’ve received offers above that,” Bowler says of the asking price.