Jersey Shore Town Won't Use Rainforest Wood
BELMAR, N.J. (AP) A Jersey shore town has abandoned its plans to use tropical rain forest wood to rebuild a boardwalk destroyed by Superstorm Sandy.
Belmar Mayor Matthew Doherty announced the decision Tuesday, saying officials in the Monmouth County community had decided the municipal government should avoid a protracted legal battle with environmentalists.
The town wants to have the new boardwalk completed in time for the summer tourism season, and some groups had threatened to seek an injunction that could have postponed the work for up to two months.
"I cannot stress enough that the only reason we are not using ipe (wood) is because our town and small business owners cannot endure a delay of the boardwalk being completed in time for Memorial Day," Doherty told the Asbury Park Press (http://on.app.com/SiUsjF).
Belmar had awarded a $6.6 million contract last month to a company to provide the ipe wood for the project. Plans to resume use of that species of tropical hardwood on the Ocean City boardwalk in 2007 touched off a furor that led to the city canceling its order and paying nearly $1 million in damages to a lumber company. Ipe has proven popular with coastal communities who use it in their boardwalks. It looks good, lasts for decades and can support the weight of a police car or fire engine, not to mention thousands of people. But the trend is upsetting environmentalists, who favor boardwalks made with synthetic materials or wood from trees that didn't grow in endangered areas. They fear that in the rush to rebuild damaged boardwalks and there are many along the Jersey shore towns will cast environmental concerns aside.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV