The developer who earlier had come to the City Council requesting changes to make their initial $25 million offer palatable on a property now worth $14 million was rejected.
The City of Hoboken seeks a "No Further Action" letter from the State of New Jersey. Mayor Zimmer described the meeting the previous day with the Department of Environmental Protection as very positive but declined to make a prediction on whether the letter would be available later this month within the acceptable 10 day "cure"of the agreement with the developer.
|A street scrubber, the last of city vehicles makes its departure from the Municipal Garage Friday.|
|Interior view of the empty Municpal Garage|
The City planned to invite media to see for itself what's what Friday afternoon.
Hoboken411 is "all in" on the lie the developer was going to produce a check for the balance of $25 million to the City of Hoboken on Friday. How do they prove that "fact?" They don't. There is no escrow account and no certified check that was presented to the city available on or before Friday and no one believed the developer SHK would pay such an exorbitant amount for a property they themselves now valued at $14 million.
The legal battle will now continue indefinitely with both sides making claims they were prepared to follow through on the original closing. The developer has asked for the deposit back. That deposit is the heart of the disagreement and a judge may need to make a final determination as it sits in an escrow account.
Related: The Hoboken Journal also attended the press event and was first up with a story and pictures.
Hoboken Patch has a breaking story on the uptown temporary Willow St. garage location. A leaseholder planning on moving to the location in the future is planning to pursue legal action even though its unclear if he actually holds an existing current lease.
His quotes read as if he is making payments now on the property. A Jersey City court appearance is scheduled for Monday.