"Here is an excerpt from The Daily Times article today.
"We've asked for meeting after meeting with the bank, but they won't meet with us," he said last week. "The mayor even wrote them a letter saying how good the project was for Salisbury; they didn't respond. What we have is a building not under a roof -- five of six floors disintegrating before your eyes."
Yet the administration claims to the voters that we have made great progress. Here is a prime example."
There comes a point when a Bank breaks its ties with DEADBEATS. There are laws and guidelines in which the Bank must follow. Once they're past that point they can tell that customer to blow it out their you know what.
In this case, this property has sat long enough for everyone to realize they haven't been keeping up wit payments and now they're crying to the Daily Times like the Bank did something wrong. The stupid Daily Times fell for it because they're desperate for stories.
The funniest part is, IF they would have come through with all the money, they built the project and made millions upon millions of dollars, would the Daily Times have reported that too?
Oh, does ANYONE know what a Sunday Paper cost at a News Stand?
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
8 comments:
Michael Crosby seems to have problems marketing property when the markets are soft. Funny how he considers himself an expert on his web site. Once it becomes his money, he fails miserably.
Is it 500 Riverside or the project on Fitzwater St.? I thought the one on Riverside was complete, but largely unsold. ????
Re read the article. 500 Riverside is for sale. Rivers Edge is the uncompleted one on Fitzwater up for auction.
Rivers edge goes to auction soon to, minimum $200,00.00 per unit i believe. At one time this is a steal, now who knows. If they dont sell i bet the city bails this project out with Salisbury tax-payer money. They will say its bad for the city, and the mare will pull some of her tricks.
The price for the Sunday paper has not changed. It is still 1.25.
What the F is the mayor doing writing a letter of support for a private enterprise like this?
Has the Grande Point Condo's on Healthway Drive, gone under too??? All work has stopped there and they have hauled away all their equipment.
Who wants to live next to an outhouse? We were warned about continued spills even after the completion of the new WWTP. You are correct 9:19 Grande Point is not so grand now, they pulled out.
Those poor old folks at Genesis Nursing Home had only a window to view the world. Now the view out of their windows? All they can see is a big pile of dirt. That really sucks.
If I were Genesis I would talk to the corporate lawyers.
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