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Exact(42)
Why hasn't it sold off its surplus property?
In '37, the government declared the island surplus property.
The district plans to sell surplus property to raise extra money.
Earlier this year, the New Jersey Department of Treasury classified the center as "surplus property".
The state agency declared the land surplus property and issued a request for redevelopment proposals.
Current regulations do not require utilities to advertise when surplus property is for sale.
Similar(17)
At least half of the surplus properties remain unused, according to the district.
Finally, the group is seeing a reduction in the contribution from the sale of surplus properties".
"That's probably why we ended with 650 surplus properties, predominantly shops, ones that we don't need.
But despite government efforts to sell obsolete or surplus properties quickly, the process has sometimes bogged down in political, technical and economic issues.
Lockheed shut down its Lake Success operation in 1998 as part of a plan to dispose of surplus properties that it owned around the country.
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CEO of Professional Science Editing for Scientists @ prosciediting.com