Showing posts with label Broad Street Bank Building. Show all posts
Showing posts with label Broad Street Bank Building. Show all posts

Wednesday, June 06, 2012

The morning news...and more

The Trentonian’s front page is screaming about the fact that one of Mayor Tony Mack’s properties is on the current tax sale list.
It is a shame.  Public officials should set a better example.

But what is a larger shame is that this Hampton avenue property has sat vacant and burned out for years with nothing being done. The city has never moved to forced Mack to fix up the building or tear it down. Never mind that he is now the mayor and CEO of the city. What does this say about Trenton’s ability to operate effectively as a city?

The Trentonian article mentions a few other names that appear on the tax list: Raphiel Mack, the mayor’s brother, for one. Jo Jo Giorgianni, a Mack confidante and supporter, for another.

What wasn’t mentioned was that Bayville Holdings, the owner/developer of the Broad Street Bank building, is also on the list. They owe $15,992.65 a combination of their payments in lieu of taxes and their assessment for being in the Trenton Downtown special improvement district. 

Bayville, you will recall, financed their extensive and expensive renovation of Trenton’s first skyscraper in part with state funding that resulted in an income cap for prospective renters of the buildings apartments. This meant that what could have, should have been a pricey, desirable urban enclave turned into just another high rise filled with subsidized tenants.  At the same time, the developer twisted the city’s arm to get a lengthy PILOT on the property taxes.  Payments they apparently aren’t making anyway.

Good deal (NOT!) that the Palmer administration stuck us with. 



The Times has an interesting story by Alex Zdan about Mercer Countytaking back control of the TMAC grant from the city because of non-compliance with the terms of the funding agreement.

The TMAC grant is state money passed through the county to municipalities to fund alcohol and drug abuse prevention programs for children.  Since the Mack administration took over, there has been the typical lack of attention to conforming to the terms of the grant agreement. The monies have been used, at least in part, to pay friends of the administration, like Lisa Whitaker, with no reported work product being shown.

In April, the city convened the required steering committee in a last ditch effort to retain control over the funding but the county was not impressed.  In this morning’s article, Zdan states that the county will select the program providers, taking the decision away from the city.

Interestingly, the article also states that Joyce Kersey was named the coordinator for the grant.  This is a paid position. It begs the question: if the county is now running the grant, why is it paying, through the city, someone to coordinate the program?

Is Ms. Kersey, who was recently singled out as the individual Mayor Mack used to inform two school board members that he was rescinding their appointments (which, it turns out, he can’t do), yet another “Friend of Tony’s” grabbing a few extra taxpayer bucks for no real reason?

Not reported in the article was another little tidbit we heard re: the TMAC steering committee meeting. One Ms. Linda Gundy was chosen to chair this committee to steer the program that the county has now taken control of.  As ridiculous as that sounds, it gets better.

Ms. Gundy is a friend and supporter of Tony Mack.  She was listed in TMAC grant documents asbeing a “concerned citizen” that was appointed to the steering committee. (It should be noted that many people who were named on this list weren't even aware of it until Anthony Roberts convened that April meeting. It should also be noted that Ms. Kersey's name is not on this list.)

Ms. Gundy may very well be concerned, but she is also on the city payroll.

Since January, Ms. Gundy has been employed by the TrentonWater Works.  Prior to that, she was listed on documents as “an intern” in the recreation department.  She was paid as an independent contractorfrom September of 2011 until she was placed, full time, at TWW.  Interestingly, in August and September of2011, Ms. Gundy was also listed and paid as a “seasonal employee” of theTWW. 

This means that during September of last year, she was a city employee and a paid city consultant. This would appear to violate state law, not that the Mack administration has ever appeared to be concerned about following such law.

Being a friend of Tony Mack’s sure has its advantages.  

Tuesday, August 28, 2007

But What About the Cap?

In yet another example economic silliness, much is being made about the dispute between Mayor "Dapper Doug" Palmer and Broad Street Bank developer Richard Libbey over the amount of rental units available to lower income renters.

The Mayor wants to hold the line at 20% of the units being less than market rate.

The Developer says the market won't support that ratio and wants 40% of the units made available at the lower rental rate.

The Mayor argues that a larger percentage of people who can afford the higher rents will benefit downtown Trenton with their disposable income spent in local restaurants and businesses.

Mr. Libbey counters that the businesses currently downtown will not attract the disposable dollars of the higher income tenants.

What is not being addressed in this standoff is the question of the income cap for renting apartments in the Broad Street Bank building.

That's right...if you were so inclined to rent and move into one of the apartments with those spectacular views of Mill Hill Park, Downtown Trenton and beyond, you had better not make too much money. The funding provided by the State of New Jersey (specifically the NJ Housing Mortgage and Finance Authority) comes with a restriction that applies even to the "unrestricted" apartments.

Tenants cannot earn more than seven times their rent. That is to say, for a top of the line $1500.00 per month apartment in the Broad Street Bank building, must earn less than $126,000 per year.

So, if we want residents to move into the city who can not only afford to live here but have money to spend supporting local businesses, services and restaurants what is the sense in arguing about how many or how few units are "affordable" on the low end of the rent scale in the Broad Street Bank?

As it stands right now we could have a line of millionaires that stretches from Hopewell to Princeton Junction who all want to live in the Broad Street Bank building (I can dream can't I?) but the rules of the NJHMFA would prohibit them from leasing an apartment there.

Now that makes real sense, doesn't it?!?!?

Thursday, August 09, 2007

For your consideration

Best line of the day (so far)
Commenting on the story in this morning's Times about Mayor Palmer participating in an Esquire fashion pictorial featuring members of the Conference of Mayors a poster to the NJ.com Trenton forum said "It's a shame he takes more time picking out quality clothes than School Board members." ---Eddie353

Dressed for Excess
On that story, does it surprise anyone that Mayor Palmer would volunteer to take part in this pictorial that will just happen to hit the newsstands one month before the Conference of Mayors holds meetings in Trenton? He says in the article it's all about Trenton, but we suspect it's really all about Doug.

School Board Approves New Positions; Changes Governance Style
News reports stated that Trenton's School Board voted to create three new positions and to do away with the four year old process that held the Board more to an advisory position than hands-on management. As someone who sat through the presentations explaining the process, I thought it made sense and held promise for our failing school system. As an outsider it is hard to say for sure, but one wonders if the process failed because it was inherently flawed or if it wasn't followed. That is, was it too difficult for members of the School Board to keep their hands off and did their meddling get in the way of education professionals doing better?

Good Sense
Mill Hill resident Dan Dodson has posted some thoughts about the recent vandalism and crime in general in Trenton.

He's absolutely correct that these kids and/or their parents or whatever adult is responsible for them should be held accountable for their misdeeds. Monetary restitution (a lot of City resources went into the cleanup effort not to mention the police work in identifying and capturing the suspects), community service, and a face-to-face apology to those whose property was damaged are in order.

The kids should have the opportunity to learn that there are consequences to their actions and that when they act responsibly they will be treated fairly and given second chances.

More Blue
Trenton's Police Academy will graduate 24 officers this month. Among them will be the son of a current TPD Detective. If the son is half as good a cop as his father, we will all benefit.

Assuming all 24 graduates stay with Trenton, it should help ease the manpower crunch and hopefully ease the mandatory overtime that has been exhausting and demoralizing patrols. Of course, the new officers will need seasoning (we often overlook the significance of losing years of experience when our officers retire or transfer to other departments) but the feet on the ground will help.

Further word, mainly through Councilman Coston's blog, is that the new class starting in November will have 50 members. We may be on our way to having a full compliment of officers in the TPD once again.

Kudos to all the individuals and groups who spoke up and contacted the administration and elected representatives about the Police manpower issue. It would appear your voices were heard.

Anybody Home?
Well it is August and there still doesn't seem to be anyone living in the Broad Street Bank building.

What's the holdup now?