Friday, January 18, 2013
Financing an issue with healthcare facility to be located in the former Army clinic in Oceanport.
The first new ratable promised to Oceanport from inside the gates of Fort Monmouth received a tweak to its deal this week. The board of the Fort Monmouth Economic Revitalization Authority (FMERA) unanimously approved a change the $2.7 million purchase agreement for the Paterson Health Clinic approved in September. AcuteCare Health Systems, which is affiliated with Monmouth Medical Center, will reuse the space once slated for demolition, to provide care for seniors, veterans and other patients. Fort redevelopers expect that the reuse will eventually net 200 new jobs for the area. The sale price fort the property hasn't changed, but details of how it will be paid have. In the original agreement FMERA reserved the right to buy back the …
Monday, October 1, 2012
Patch asked Oceanport Mayor Michael Mahon to tell us why anyone should pay attention to small deals like AcuteCare.
If your only interaction with Fort Monmouth is to stare at it while sitting in Route 35 traffic, you may be tempted to gloss over news stories about its redevelopment. But while you sit idling, there is action behind the scenes that could affect your future job prospects, and those of your children. No new jobs have come to fruition yet, but a potential deal in Oceanport could set a precedent for businesses to settle down within the former Army post. And they will certainly affect the taxes that homeowners pay. Patch asked Oceanport Mayor Michael Mahon to give readers some context about the latest deal that could go through this fall with AcuteCare. You can read more on that story here. Here's our Q & A with the mayor: Patch: Why should …
The deal with AcuteCare could be sealed this fall, but it will be three more years until renovations are complete.
AcuteCare Health Systems claims it can create 200 new Oceanport jobs at the former clinic at Fort Monmouth. But with plans to pour $5 million into its renovation, those jobs could be at last three years away. According to the purchase agreement approved last week by redevelopers, the Lakewood-based company will shell out more than $2.7 million for the property that was once slated for demolition. The health services company says it plans to serve the elderly, veterans and other patients at the new facility. Redevelopers say reusing the property would save them about $1 million in demolition costs. The deal is contingent upon AcuteCare's review of the taxes it will have to pay the municipality. Oceanport Mayor Michael Mahon told fellow …
Fred M
8:33 am on Monday, October 8, 2012
Who will pay for the New Jersey University? I am not sure many of these dorms are up to code...I believe now that since the Gov won't own the Buildings, millions will be needed to bring these dorms up to code ...Some University's did look into this.. more ›