Guest It was always about money Posted September 12, 2008 Report Share Posted September 12, 2008 Friday, September 12, 2008 By PAUL KOEPP JOURNAL STAFF WRITER Another Harrison property owner has settled with the town in an eminent domain dispute, leaving just one holdout. Manuel and Fernanda Amaral reached a deal Wednesday for the Harrison Redevelopment Agency to acquire the tract in the shadow of the PATH station where they owned an auto repair shop, used car dealership and commuter parking lot for almost 30 years. That ends a condemnation proceeding filed by the HRA more than two years ago. Terms of the settlement were not disclosed, pending an order from Hudson County Assignment Judge Maurice Gallipoli that will finalize it within two weeks. An HRA appraisal valued the property - which is slightly smaller than an acre - at $2,575,000 in 2005, while an appraisal done for the Amarals said it was worth $10,475,000. The couple have said their business has suffered since moving to Lyndhurst, but they declined to comment yesterday. The family of Tony DeRose, who owned a tire repair shop in the town's redevelopment area, settled with the HRA earlier this week. Steven Adler, head of Harrison Eagle LLP, is still fighting over his nine acres. Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted September 13, 2008 Report Share Posted September 13, 2008 Friday, September 12, 2008 By PAUL KOEPP JOURNAL STAFF WRITER Another Harrison property owner has settled with the town in an eminent domain dispute, leaving just one holdout. Manuel and Fernanda Amaral reached a deal Wednesday for the Harrison Redevelopment Agency to acquire the tract in the shadow of the PATH station where they owned an auto repair shop, used car dealership and commuter parking lot for almost 30 years. That ends a condemnation proceeding filed by the HRA more than two years ago. Terms of the settlement were not disclosed, pending an order from Hudson County Assignment Judge Maurice Gallipoli that will finalize it within two weeks. An HRA appraisal valued the property - which is slightly smaller than an acre - at $2,575,000 in 2005, while an appraisal done for the Amarals said it was worth $10,475,000. The couple have said their business has suffered since moving to Lyndhurst, but they declined to comment yesterday. The family of Tony DeRose, who owned a tire repair shop in the town's redevelopment area, settled with the HRA earlier this week. Steven Adler, head of Harrison Eagle LLP, is still fighting over his nine acres. Fighting the Billionaire developers and City Hall is difficult. They have endless resources. Amaral got something between the 2.5 million and the 10.5 million he thought his property was worth. If the Billionair developers were not so greedy they would have settled this a long time ago. Adler will likely settle as well so long as he is given a fair offer. With the economy in a tail spin, it is unlikely that Harrison will ever recover from the McDonough redevelopment debacle. Can everyone say, "Section 8 Housing" and Mayor and Higgins are their shore houses. Remember McDonough doesn't even own a house in Harrison. Higgins is so greedy that he cannot take his 170,000+ in pension money and enjoy the rest of his life, he has to get more. Can't wait for the indictments. Quote Link to comment Share on other sites More sharing options...
Guest QUESS WHAT ? STEVIE. Posted September 15, 2008 Report Share Posted September 15, 2008 MR. PINHO AND STEVIE ARE SHOCKED ADLER SETTELED. NOW ON TO NEW SIDEWALK COMPLAINTS. Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted September 15, 2008 Report Share Posted September 15, 2008 "Settled" is such a poor word for what happened. "Profited" would be a better word because of the ineptness and uneducated McMole and Company. I wonder who else is getting a piece of the profits. It's Sort of like the ******* Restaurant deal where the new school was supposed to be. Envelopes for everyone I say! Quote Link to comment Share on other sites More sharing options...
Guest It was always about money Posted September 17, 2008 Report Share Posted September 17, 2008 Fighting the Billionaire developers and City Hall is difficult. They have endless resources. Amaral got something between the 2.5 million and the 10.5 million he thought his property was worth. If the Billionair developers were not so greedy they would have settled this a long time ago.Adler will likely settle as well so long as he is given a fair offer. With the economy in a tail spin, it is unlikely that Harrison will ever recover from the McDonough redevelopment debacle. Can everyone say, "Section 8 Housing" and Mayor and Higgins are their shore houses. Remember McDonough doesn't even own a house in Harrison. Higgins is so greedy that he cannot take his 170,000+ in pension money and enjoy the rest of his life, he has to get more. Can't wait for the indictments. You're kidding right? It's a one acre site and you think it's worth somewhere between 2.5 million and 10 million? True market value of one acre, clean, unimproved property at the peak of the market was about one million. That would mean it was not about principles and getting his property back. It was about the money. Quote Link to comment Share on other sites More sharing options...
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