The opinions expressed by columnists are their own and do not represent our advertisers

Saturday, January 21, 2017

After Debate Over Need, Ocean City Council Votes To Buy Private Property

OCEAN CITY — Ocean City officials approved on second reading this week the purchase of a downtown property that could ultimately be used as a new staging area for the Boardwalk tram, but not before a spirited debate about the town’s recent penchant for purchasing private property in general.

The Mayor and Council on Tuesday approved an ordinance authorizing the purchase of a handful of parcels in the area of 2nd Street and St. Louis Avenue for a future Public Works maintenance area and staging area for the Boardwalk tram. The Boardwalk tram is currently maintained at a location on South 1st Street known as the Whiteside facility.

The Whiteside facility is nearing the end of its useful life and replacing it has been listed as a high priority in Ocean City’s long-term strategic plan. A potential replacement location has been identified as 2nd Street and St. Louis Avenue. The plan is to purchase the property for $2 million with an upfront investment of $400,000. The remaining $1.6 million would be financed with the sale of a 10-year general obligation bond offered at a low interest rate.


No comments: