Monday, August 7, 2017

LTC Consulting Moves To New Lakewood Headquarters

LTC consulting is moving into its new Lakewood headquarters at Cedarbridge Park. LTC is a  medical billing and business management solution for nursing facilities. The company which was based in Howell, NJ received a 25 Million Dollar Grant to relocate to Lakewood "LTC was approved for a 10-year, $24.5 million Grow New Jersey award for its plans to construct a new facility in Lakewood that would retain 227 jobs and create another 250 positions. he state estimates the net benefit of the project to be $53 million over 20 years." The new building is located across the street from Blue Claws stadium. Traffic in the nearby roads will increase and the county plans to install a Traffic light at the corner of Cedarbridge and Avenue of the States.


27 comments:

  1. you see this is what i said a few months ago after they false rumor said that cedarbridge mall is stopped on pause for now. that is all false & they are building behind all your backs blocked behind the trees on pine street so you cant see it but cedarbringe corruption is in full operation. FIGHT BACK NOW BEFORE ITS TOO LATE & this town is destroyed by density, traffic & bad quality of life etc... all so a few people could pocket gelt for themselves but dont give a crap about all the thousands of lives living in lakewood & the ruchnius torah that-lakewood was built on that-is getting ruined worse & worse daily due to this.

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    1. Ummm..... this building has nothing to do with the mall that was put on hold. This was started more than a year ago. This isn't behind anyone's back. Crawl back into your hole. Thanks.

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  2. They got a tax abatement or a PILOT either way the tax payers loose out on it. If it's a pilot they will end up paying in 1 million over 30 years!!
    Businesses are supposed to bring in ratables. There was no reason to give them a sweet deal since they were not going elsewhere. They wanted and had to be on Lakewood. So now Cedarbridge gets free land the company gets 25 million plus tax abatements.
    Amazing.

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    1. And once again Lakewood taxpayers get shafted. Look out for the ribbon cutting ceremony with smiling askanim and politicians who spent your hard earned money.

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  3. You are a bunch of nisht farginers. Yes they managed to get 25 million from the state. It has nothing to do with you or me. They were lucky. Its not local money and doesn't cost you anything.

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    1. I wouldn't call it lucky, well connected is more appropriate. While it's not local money we do pay state tax. And yes I fargin them.

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  4. May they have much hatzlacha in their new location.

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  5. That's fine if they are well connected. Fargining others is an important midoh. Not fargining and kinah are not healthy. We are taught to believe that somebody else having wealth does not hurt you.

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  6. And the rich get richer . . . . . while the poor pay for it.

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  7. Take a deep breath. The amount of state tax that you paid for that 25 million grant is a few cents at most. So just thank Hashem for what you have and fargin others. Maybe one day Hashem will give you such a grant and you will want others to fargin you.

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    1. Why are they not paying the fair share of taxes like everyone else

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  8. The problem is not the 25 million dollars from the state is the tax abatement for the future municipal taxes

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  9. They are. You could get the same deal.

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  10. If you built the same building ,you are eligible for the same abatement. They didn't get anything that others are not eligible for. You can debate the wisdom of giving abatements. But the township committee decided that it makes sense to give that incentive for people to build and that's a legitimate viewpoint. So nobody is getting anything that others are not. Up until recently , nobody would have built in Lakewood without the abatement. You can debate whether or not that should change. Even on todays climate where business is good , there are definitely some office buildings that would not have gotten built without the abatement.

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  11. Hogwash. . CEDARBRIDGE made sure that it's corporate oak will have tax abatements. They passed ordnance specifically for these projects of Erev holding No other areas in Lakewood got these abatements.

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    1. There are abatements no,other parts of town. Even if true ,what does that have to do with the builder. Any builder in that area can get the same abatement ,including yourself.

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  12. Even without the mall its a chutzpah what went on. Cedarbridge used public DOT funds meant for Lakewood roads and diverted it to build the infrastructure than get the land for free than get a grant to build a building and the cherry on top they don't pay taxes. But poor Lakewood taxpayers just Keep watching their tax bill go up.

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  13. An Ordinance of the Township of Lakewood, County of Ocean, State of New Jersey, Approving the Pilot Application and Authorizing the Mayor and Township Clerk to Execute a Financial Agreement By and Between the Township Of Lakewood and Erez Holdings Urban Renewal, LLC/LTC
    Consulting Services Pursuant to N.J.S.A. 40A:20-1, Et Seq. for Property
    Located at Block 961.01, Lot 2.06, as Shown on the Official Tax Map of the
    Township of Lakewood Located in the Cedarbridge Redevelopment Plan Area.

    Read by title only for second reading.
    Mayor Akerman opened the meeting to the public.
    10-8-15 7
    Mayor Akerman explained that whatever money is brought in by these projects,
    through the PILOT program, are commercial ratables, so they do not get any services at all, such as bussing, public schools, or trash collection, so the money is all profit.
    As to the figures, the municipal auditors took about a month to work through the numbers. The PILOT programs have certain formulas and are standard procedure.
    Mayor Akerman explained some of the projects are very large, and they are trying to encourage commercial growth. Many people are saying “no more housing”, so this is the answer to no more housing, where the Township offers incentives.
    Over the last few years since he has been a member of the Township Committee, each year, the commercial ratable base has increased by about fifteen million dollars per year, and he believes the 2016 year will be even better. Mr. Henshaw added that thirty years is the maximum. That can be changed after a certain period of time if they are not satisfied.
    Michael Bruno, Esq., the Attorney for Erez Urban Renewal advised that this is a New Jersey company that will bring a lot of jobs to Lakewood. The PILOT is a win-win scenario. The way the law works, because they are in a redevelopment area, the town has the authority to grant a PILOT, which allows them to keep a higher percentage of the PILOT dollars versus conventional taxes. The benefit to the
    developer is that they save some money and they have a uniform payment schedule over the period of the PILOT, but the benefit in this particular instance to the town
    would be over 1.3 million dollars over the thirty year term which is additional money
    that the town is going to get.

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  14. The builder who got the grant is not cedarbridge. The grant has nothing to do with cedarbridge.
    Cedarbridge is our yeshivah who brought all of us here. Many of us fargin our yeshivah. You are entitled to,your opinion of not fargining. We are entitled to our opinion of fargining our makom Torah that brought all of us to this town.

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    1. There was a Jewish community prior to the yeshiva.
      Rav Elya Svea Zatzal did not support Cedarbridge.
      The yeshiva brought us here but it was the cheap housing that kept us and why we settled here. Other wise we would have all moved back to Brooklyn.

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    2. Calling a real estate business a yeshiva doesn't make it so.
      Yeshiva is learning Torah. Building is a business. Someone who can confuse the two, either does not know what learning is, or does not know what building is, an understandable, if inexcusable, confusion.

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  15. I think that 1.3 million dollars over the next 30 years is beautiful. There are no school costs and only income to the township. Without the building we were getting zero.

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    1. 1.3 over 30 years for a building they size that other businesses are paying 80- 100k year is not beautiful.

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    2. The way that the pilot works is that the township gets all of rhe money collected. THE SCHOOL DISTRICT GETS ZERO of the revenue collected in the pilot program.

      This does not help the taxpayers at all considering the fact that the reason that taxes are increasing is because of the school district, this building will do nothing to alleviate the problem.

      They moved to Lakewood because the mahority of their employees live here, they were never going to move to PA, like they threatened, and they got the Cedarbridge land at a ridiculously low price.

      I am happy for them that they got the state grant, but the township never should have given them the PILOT abatements.

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  16. They got the grant with ptotekzia from...

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  17. How stupid do people get?!? They got the grant because they bring jobs to Lakewood.....and they do! They employ about 300(!!) Lakewood residents.... The system has more than enough problems w/o people inventing new ones!

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    1. People are not upset at the grant. The tax abatements are the issue.

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