Brokers and Brokerage

Business Brokerage A fee here, a permit there, and paperwork everywhere you go. New Jersey builders contend that the state is doing more piecemeal than it ever could with its much-ballyhooed and organized Big Map to slow down their business. The litany of complaints keeps growing:

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Forex Broker # There are new Pinelands Commission fees, and the cost of Pinelands development credits is skyrocketing.

The FBI investigation mentioned in the story centers around something that anyone who has lived in the booming southwest knew was going on first hand, much as anyone in Casablanca knew "Ricks" was the place to go for forged transit papers and gambling. That practice was the use by big corporate builders, and even some not so big builders, of having in house mortgage brokerage companies that would package loans and financial options that kept the prices on the builders homes high, borrower to receive incentives as large as $100, 000 to purchase the house.

Online Brokerage # A slow state bureaucracy is delaying construction projects.

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Real Estate Broker # Builder impact fees loom on the legislative horizon.

Agency Brokerage Spark "It's death by regulation," said Rick Van Osten of the Builders League of South Jersey.

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Business Broker That is what builders originally thought would happen when the color-coded Big Map - or Blueprint for Intelligent Growth -was rolled out early last year.

Brokerage Account The map was a part of what Gov. James E. McGreevey calls his war on sprawl - unchecked development that eats up thousands of acres of New Jersey land a year, leaving municipalities with troubles ranging from overcrowded schools to environmental problems.

Stock Broker The state would make it more difficult to develop in the map's red areas, take a neutral approach to yellow areas and speed up approval to build in green areas. Builders called it the big red map and predicted a housing shortage.

Brokerage Online Stock Trading Worn down by complaints, New Jersey's Department of Environmental Protection, or DEP, scrapped the map in October, opting to fold it into the state's master plan for development.

Broker Justin Ticket Builders at the time were relieved - until a series of apparently unrelated developments began.

Real Estate Brokerage Now, Van Osten said, builders are dealing with construction barriers being done by the state administratively. That, he said, is the "easy way" to slow construction.

Commodity Broker For instance, much of southern New Jersey is included in the Pinelands Preserve, an area the state deemed 25 years ago as needing protection from development.

Brokerage House The Pinelands Commission is now charging developers for the environmental reviews it performs. The fees are supposed to cover some cost of the work and also help the commission deal with a budget shortfall.

Real Estate Broker Exam Pinelands residents can sell the development rights to their lands to builders, who can use them as development credits in designated growth areas. Sold by the quarter credit, the cost has risen steadily since 1995, from $3,200 to $8,000 last year.

Brokerage Services Commission spokesman Francis Rapa said the cost of Pinelands development credits is market driven, and the spiraling cost shows that land in the preserve "can still hold some value" for the property owner.

Broker Live Ticket "It's meant to work that way," Rapa said.

Online Brokerage Firm Meanwhile, more than a year after the DEP eased drought restrictions, 17 water providers statewide are realizing that - on paper at least - they seem to be running out of water.

Security Broker Dealer Some developers are also contending that slow action by the state on water permits is delaying projects they thought could move forward.

Coldwell Banker Residential DEP officials were not immediately available for comment.

Freight Broker However, they said earlier that the DEP changed its policy during the drought and did not want water utilities extending dry water mains unless they had water-allocation permits. The move was designed to ensure there would be enough water to go around, they said.

Freight Brokerage Previously, the DEP allowed the work if a project had a pending application.

Broker Lie Ticket DEP officials also have admitted to working on a severe backlog of water-allocation permits.

4th Boost Brokerage By But Van Osten contends that it all still means that it could take some development projects as much as five years to get going.

Florida Mortgage Broker Builders say they can expect more financial barriers if the Legislature approves McGreevey's plan to charge them impact fees.

Insurance Brokerage Essentially, that would allow municipalities to make builders pay for the cost of improvements - ranging from schools to sidewalks - that growing municipalities must have because of the influx of new residents.

Online Broker By Thomas Barlas
The Press of Atlantic City - 3/1/2004

Topic: Sprawl

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