Avatar

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —





 

— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_TopicIcon
Sears Demo Update
April 23, 2010
11:45 AM
Avatar
Member
Forum Posts: 70
Member Since:
November 15, 2008
sp_UserOfflineSmall Offline

the owner might be trying to hold out for more money. it said in the artical that he bought it out from under Campell Soup "Campell Soup is investing $90 million to upgrade its world headquarters, which is located directly behind the Sears Building. City, county, state and the Delaware River Port Authority are contributing $23.5 million to upgrade road and utilities in a 110-acre swath of land.
Campbell Soup had hoped to buy and demolish the building, but was thwarted by the last-minute sale to Zaken. At first, Campbell agreed to work around the building with the expectation that it would be restored. When nothing was done, it offered Zaken $3.025 million. When Zaken refused, Campbell asked the city to take the building through eminent domain."

Something seems wrong here.

April 23, 2010
8:54 AM
Avatar
Wolf
Guest

Amazing that they would go against the owner's wishes to preserve the building. Isn't that a misuse of government power? Abuse of emminent domain to help a private enterprise--Campbell Soup. On the other hand, Camden is in such bad shape and Campbell Soup would probably run to the suburbs, or a lower tax state than Jersey, if they didn't get to knock down this POS. Interesting dliema. What do you think?

April 23, 2010
2:56 AM
Avatar
Member
Forum Posts: 548
Member Since:
October 25, 2005
sp_UserOfflineSmall Offline
Forum Timezone: America/New_York

Most Users Ever Online: 429

Currently Online:
76 Guest(s)

Currently Browsing this Page:
1 Guest(s)

Top Posters:

James: 5298

demobud: 817

Robert Kulinski: 573

1Pyro: 548

autoparter: 534

Member Stats:

Guest Posters: 54

Members: 3042

Moderators: 0

Admins: 2

Forum Stats:

Groups: 4

Forums: 17

Topics: 20032

Posts: 28266

Administrators: JOHN: 7602, John: 7030

Skip to toolbar