The Jersey Shore Real Estate Bubble

A chronicle of the collapse of the Jersey Shore real estate market, and elsewhere.

Wednesday, May 04, 2005

Monmouth County Developer Arrested

["I like Marlboro, but the problem is that (Marlboro officials) allowed (developers) to build so many new homes that now the town is overcrowded," township resident Ilene Barba said Tuesday outside the A&P supermarket on Route 520.

"Now, we have high taxes, crowded roads and need to build new schools, and the taxpayer is the one who will have to pay for it. You have to wonder . . . why didn't anyone see what was going on?"
Barba's comments came hours after Marlboro developer Anthony Spalliero was arrested and charged with offering cash bribes to former Marlboro Mayor Matthew V. Scannapieco and former Monmouth County Freeholder Director Harry Larrison Jr.]


I always used to think of Marlboro as farm-county, or the town with the big mental hospital. It has certainly grown a lot in the past 20 years, thanks to the corrupt mayor. Given that Highway 9 has cut through the town for at least 50 years, and therefore a relatively easy commute to the city, I’m surprised that it did not see more development in the 60s and 70s.

posted by Little_Silvered at 6:53 PM

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