The HOA is behind the North End project. They may not be investors, but they are enablers.
By Paul Goldfinger Editor @Blogfinger.net
It turns out that two of the major financial players belonging to OGNED, the North End redeveloper, are part of an investment company called MB1–Capital Partners. Evidently they were added to WAVE in order to provide needed financing of the OG North End project which was recently unveiled publicly.
The link below will take you to our post on this subject. It names the four major stockholders in OGNED including Joel Brudner and Christopher T. McCallion, who are part of MB1.
Each of these four own at least 10% of the stock.
What’s ironic is that 2 of the OGNED partners were among the main financiers and part owners of the Beach Haus Brewery in Belmar (2014) which replaced the old Freedman’s Bakery.
The ironic part is that these brewsters are now investing in the Grove, one of the driest towns in New Jersey.
Do you think the new North End hotel will serve alcohol? How loud does money talk at the Mother Ship?
Will the OG blue laws wind up at the bottom of Wesley Lake? Maybe the Township Committee will be revisiting the need for blue laws now that 2020 has arrived.
It’s not unreasonable to consider jettisoning those archaic rules which are there just to satisfy one segment of town. How about a referendum to find out if the citizens of OG want alcohol and tobacco sold in the Grove and if they want the beaches open all day on Sundays.
And while we are looking at OGNED in more detail, let’s find out who the rest of OGNED are. That information was promised some time ago, but the Township has not released all that info. How many of them conspired in 2007 to change the North End zoning and how many of them have a track record of building condos without parking in OG?
The North End Re-development Zone is, at heart, a public project. The public should know who is behind the planned North End monstrosity. Why the secret?
ROY RODGERS:
To: Not for Everybody: Are you serious?
……” And truth be told, I kind of like things the way they are. We have too many tourists on weekends as it is, and the closed beach keeps things a little quieter for a little while.” (Unquote).
The tourists line up on the boardwalk and wait for noon. Repeat tourists who come every weekend, fully aware of the rule. And the numbers have increased at an astonishing rate over the past couple years.
So it’s not “quieter”. They begin their trek down each street as early as 9 or 10am with all their gear and kids, as evidenced by we porch sitters.
Bottom line—— they don’t care about the rule. They’ll either sit on the boardwalk and wait or walk around.
Sorry but in my opinion opening the beach at noon has not made OG any quieter.
There will be no alcohol sales, nor will there be any beach before noon on Sundays in Ocean Grove.
OG is dry because the Camp Meeting Association is a very conservative Methodist organization and will enforce their restrictions, regardless of who brews beer in the area. (I hope these investors are better at developing property than brewing beer. )
And as for Sunday – why do you think the beach is closed? The real reason is that church attendance would take a hit on Sunday morning, and that would have a depressing effect on the collection basket.
And truth be told, I kind of like things the way they are. We have too many tourists on weekends as it is, and the closed beach keeps things a little quieter for a little while.
If we are becoming “Asbury Park South” we definitely need lots of bars and restaurants with liquor licenses. Neptune Township Committee will love the extra money.