Shoreline Site Sold at Auction

Property was sold for $685,000.

The 110-acre parcel of land near the Garden State Parkway that had been owned by Shoreline Sand and Gravel has been sold, a spokesperson for Sheldon Good & Company told Patch.

Although the buyer was not identified, the spokesman indicated there was interest from two parties.

The sale took place on Dec. 18, and was approved and closed on Dec. 21. The property was sold for $685,000. 

The resolution was necessary, according to Township Administrator David Breeden, so that the bid process could be finalized.

Under the terms of the resolution, the committee cut interest charges that had been waged on the property under the old owners from $61,000 to around $30,000, and other penalties were also cut in half. Under the terms of the resolution, the taxes will remain the same - $229,853, Breeden said.

Rick January 07, 2013 at 08:49 PM
Capt, In case you haven't noticed, Barnegat and most of the towns in the area are suburban, bedroom communities. Most people in New Jersey don't work in or near the town they live in. The retail jobs available in the area aren't the kind that supports a family. Are you suggesting that the town fathers should try to get an automobile assembly plant or a tire factory in town? Or how about a pharmaceutical plant?
Sea Dog9 January 08, 2013 at 12:38 AM
Barnegat is among a bunch of towns throughout NJ that falls in the class of "Bedroom Community". A town where all the home owners pay the taxes or the majority of them. The Town Leders are not interested in rateables for the community to help lower the burden on its Home Owners. No local jobs for its young adults or activities for them also. A Town of Banks and small retail... No Industrial or Manufacturing Industries.
Larry Cataldo January 08, 2013 at 09:18 PM
RE; SBGirl, where have you "ever" seen taxes go down??? Maybe in the land of OZ!
Rick January 08, 2013 at 11:07 PM
Sea Doggie, do you want another Ciba Geigy down the street from your house? You can bet that Johnny B would be complaining about the extra traffic generated by the 2 or 3 thousand employees commuting to and from the facility.
Rick January 08, 2013 at 11:20 PM
How true Larry. The price of everything keeps increasing. Of course the incomes keep increasing as well. 50 years ago our parents earned 6 to 10 thousand a year and could buy a brand new Ford or Chevy for about $2500. They paid a few hundred dollars in property tax.


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