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Woori Bank

Monday, December 24, 2012

Fort Lee GOP Starts Petition to Stop Acquisition of Main Street Property

United Republican Club of Fort Lee official says in this Op-Ed that the goal is to collect 2,000 signatures by Dec. 28 and either a referendum on the roughly $2 million acquisition or a reversal of the governing body’s decision.

The Fort Lee Republican organization has created an online petition opposing a decision by the Mayor and Council to appropriate more than $2 million to acquire land at 183 Main St., the current location of Woori Bank, for a park on the West parcel of Redevelopment Area 5. “Fort Lee does not need more debt,” the wording of the petition begins. “If a private venture is interested in a property it should be purchased entirely by this entity. The municipality does not need to be in the speculative business of real estate.” United Republican Club of Fort Lee vice president Keith Jensen submitted the following Op-Ed regarding the acquisition of the land and the petition to stop it: Essentially, the Borough of Fort Lee is guising the subsidizing …

ToyotaThon

3:29 pm on Wednesday, January 9, 2013

I'm calling on the Patch editors to remove William Mays from the Patch on all it's regional sites. Please send this comment to the Patch CEO and CFO in Plainfield. He espouses hate and intolerance in all his posts. Let's turn this into a petition. If we get 25,000 signatures we can get him deported.   more ›

Wednesday, December 5, 2012

Fort Lee to Acquire Main Street Property for $2M for Park

The Mayor and Council passed a resolution settling a lawsuit and an ordinance financing the acquisition of land at 183 Main St., the current location of Woori Bank, for a park on the West parcel of Redevelopment Area 5.

The Fort Lee Mayor and Council Wednesday passed an ordinance to acquire land at 183 Main St. that will ultimately become a park on the western half of Redevelopment Area 5. A resolution “amicably” settling a lawsuit over the property, which is currently occupied by Woori Bank, also passed unanimously, paving the way for the borough to purchase the land for $2,050,000, of which slightly more than $1.95 million will be financed through bonding. Fort Lee Mayor Mark Sokolich estimated that the property is worth nearly three times what the borough is paying for it and said that having the bank building there “would have a detrimental effect on the entire area.” Sokolich said Tucker Redevelopment Associates, the developer of the West parcel of …

David Baric

7:41 pm on Tuesday, February 12, 2013

The people of Fort Lee have'nt realized yet what the Mayor and 2 council- people do for a living? It's a very easy answer. Real Estate. Then take the profits and put them in the banks that they own. I guarantee you, when those apts in the "iconic buildings" are sold they { the mayor and council} will all retire and leave the problems for others to clean up.   more ›

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