Is it true that the courts have given permission for Marina Bay Towers to be turned into condos? What about the seniors that live there? What about the neighbors? Don't they have some say in this? I thought Marina Bay was deeded for seniors only.
Moderator's Note: According to North Wildwood Mayor Patrick Rosenello, a foreclosure is before Superior Court Judge Mark Sandson, filed by Marina Bay Towers' owner Paul Cocoziello. Rosenello is not certain if there will be a settlement or a ruling as the outcome. Parties involved include Cocoziello, the state Department of Community Affairs, New Jersey Housing and Mortgage Finance Agency, tenants, and the City of North Wildwood.