Senator Lautenberg secured $460,000 for use at Tepper's site.
Will Plainfield Mayor Sharon Robinson-Briggs continue with her plan to have the city float $5.5 million in bonds to buy the YWCA (see my previous posts here and here)?
Besides the issues already raised, there seem to be two more that are true 'deal-killers'.
TEPPERS
In his FIRST Senate career, Sen. Frank Lautenberg secured two grants for Plainfield -- one for the Plainfield Public Library and one for the city's Tepper's redevelopment project. The Library used its grant expeditiously.WHO SAYS $5.5 MILLION IS A FAIR PRICE?
The city's $460,000 grant fell in the gap between the McWilliams and Robinson-Briggs administrations. As the deadline for using or returning the grant approached in 2007, I blogged about it (see here and here).
While there was talk by the new administration of using it elsewhere, when push came to shove and the deadline was literally upon them, the Robinson-Briggs administration awarded a no-bid contract for sheetrocking the 15,000+ square foot space.
Though there was talk of using the space for the proposed business district streetcam project, that has not come to fruition and here we sit, three years later, with nothing done to put the space to good use.
Why not the Tepper's basement, which we already own, and which has been 'improved' with nearly a half million taxpayer dollars already?
Maybe the Council should take a look into this before further consideration of the Robinson-Briggs proposal to buy the YWCA.
While Mayor Robinson-Briggs somehow came up with a dollar amount of $5.5 million, no one seems to know where it came from.
Real estate professionals are asking why the typical average-of-three professional appraisals method wasn't followed, especially considering the city's fragile financial position, and the YWCA's admitted drawbacks -- of which parking availability is a critical shortcoming.
Meanwhile, we learn that over in Cranford -- where properties fetch better prices than in Plainfield -- the Township Committee is about to bond for the purchase of the former Solomon Schechter Day School building and its 3.7 acre campus on Orange Avenue, for the princely sum of $1.9 million (see story here).
So, how do we know the YWCA price is a good one?
And why bond to buy when you already own?
- Plainfield Today --
- 6/14/2010: "Mayor Robinson-Briggs displays edifice envy in desire to buy YWCA"
- 6/17/2010: "Plainfield mayor's YWCA proposal raises hackles"
- 5/21/2007: "Will city have to give $460K back to Feds?"
- 6/26/2007: "Lautenberg grant deadline looms"
- Cranford Chronicle: "Township to bond $1.9M to buy school and 3.7 acre campus"




















