Quote:
Originally Posted by twicedead
I have a house on the island and they used to have rail (trolly)service that went downbeach to Margate, Ventnor and Longport along Atlantic Ave and got rid of itback in the 70s I belive. I don't think you'll ever see that again. None of the mentioned towns even allow weekly rentals of the homes (which they did back then) only Seasonal so most of the people either live all year or are summer residents. Also there's no way Margate or Longport would allow it, it's just not in their nature. They don't even let the Jitney's which have to do a U-Turn in Ventnor. There is ample parking at the casinos and revel, MGM and Pinnacle will have designated lots for employees. Not to mention the bad blood between the two towns which are fighting over a bulkhead being built that's gotten really ugly . . .
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municipalities in NJ don't pay for transit or for new transit services. The state vis-a-vis NJTransit picks up half the tab and the federal gov't usually picks up the other half. There are rare exceptions to the 50/50 split, one being the RiverLINE in Burlington Co.
As far as condos go . . . the condo market is bad right now pretty much every where. It's also that luxury anything in AC is fairly new, these things tend to snowball. AC's cachet is also relatively new (post-Borgata). The market right now is $200k to sub $500k. That's what should be on the market in AC right now not $750k and up units - but when you look in AC that's all you find. The top of the market and the bottom of the market and hardly anything between. The fact that AC is doing much better than Philly or anywhere else in NJ shows the strength of the market there.
People in Egg Harbor Township might not want to live in AC. People in Voorhees aren't deserting that town for Philly. The same goes with any city. They're not the target market.