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Cape May Chooses Earth Day To Say Deal Is Near On Open Space

Bond In Investing Savings Amid the sounds of construction from the latest condominium project, some birds could be heard chirping in the brush here off Pittsburgh Avenue. That was the setting for an Earth Day press conference Thursday afternoon where Mayor Jerry Inderwies said a deal to save the city's last large tract of open space is tantalizingly close to being sealed.

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Bond Investment Toledo Toledo The Sewell's Point tract covers more than 90 acres east of Pittsburgh Avenue and hosts several threatened and endangered birds as well as the endangered southern gray tree frog.

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James Bond Trading Card More importantly, it is the last chance for America's Oldest Seashore Resort to have some green space. Even as Inderwies looked over the tract, he talked about a nearby motel wanting "to go condo."

Between heaven and earth lies the Winelands of the Cape, a perfect place on earth to feast your senses.

Bond In Investing Stock "It's virtually the last open space in Cape May. It's 97 acres of pristine property the city is intently trying to acquire as open space. I believe we are probably closer to some type of settlement than we've ever been," Inderwies said.

New Jerseyans are giving and getting big presents in 2003. percent of New Jersey voters, 1 was approved and will raise the bonding cap on the states open space program by $150 million. By taking advantage of todays lower interest rates, we can bond for an additional $150 million while still maintaining the payback schedule. Thats more money to spend to permanently preserve, protect and enhance open space, farmland and parks in every corner of this state we live in.

Municipal Bonds Investment Earth Day often focuses on water and air pollution, but Inderwies chose this as the big issue.

If you've always wanted to canter along a beach with the wind in your hair you could do a short day ride in Cape Town, at Buffalo Bay near Knysna, near Port Elizabeth, or in Maputaland in Natal. For a real beach fix, day horse trail in the Greater St Lucia Wetland Park in Natal, day trek along the Wild Coast in the Eastern Cape.

Bond Terms Trading The town no longer dumps its trash in a tidal creek on the outskirts of town. The coal gasification plant on the north side of town that left a legacy of soil pollution is being cleaned up. The real issue now is urban sprawl and loss of green space.

Bond Debt High In Inside While negotiations continue with the owners of the tract, developers Thomas Brodesser and Philip Robinson, Inderwies said the city has put together millions of dollars to buy it.

Bond Greenville Greenville Years ago, the developers received local approvals to construct 366 units there, but because of endangered species, the state Department of Environmental Protection permits were more difficult to acquire. The proposed housing project has been tied up in litigation for years.

Trading Stock And Bonds Inderwies is hoping the $7 million in grants and low-interest loans already committed to the acquisition and a $16 million bond the city approved with hopes of getting much of the money back, will help secure the deal. The city also created an open-space fund two years ago that, by the end of this year, will be worth almost $300,000 and growing. The Nature Conservancy, New Jersey Green Acres Program and other groups have committed funds.

Bond Investing Municipal About 30 people showed for the press conference, including officials with the New Jersey Audubon Society's Nature Center of Cape May. The Nature Center is already planning birding walks on the tract. It is the Nature Center's only chance to get a large tract of land for its work since there is nothing else left. Cape May is fully developed.

Basis Bond Finance Hill "We're staking our claim for the property. Our sister center, the Cape May Bird Observatory, will host an upcoming spring weekend and on May 22 at 9 a.m. we will have our first Sewell's Point birding experience," said Nature Center Director Gretchen Ferrante.

Bond Explained Terms Trading That may be limited to a small section of the tract owned by the city, where Cape Avenue was to be extended years ago. Ferrante is hoping the area will soon be greatly expanded. Inderwies said he already has a vision of a birding platform off Pittsburgh Avenue. Ferrante wants a nature trail through the tract.

Bond Business Investing Stock Charlotte Todd, who chairs the city's Environmental Commission, said the acquisition is necessary to ensure biodiversity in Cape May. Everybody knows there will be people, but will there be anything else?

Bond Houston Houston "Once it's gone, it's gone forever. We have to show future generations we cared enough to save this today," Todd said.

Stock Bonds Day Trading By Richard Degener
The Press of Atlantic City - 4/23/2004

Topic: Less Sprawl

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