Red Bank Green
In giving their approval, several board members alluded to testimony by real estate expert Jeffrey Otteau, who said a new economic reality” made adding retail square footage in town unwise, despite the view of town officials who last year touted a mix of retail and housing as the key to sparking vitality in the train station district. After hearing Otteau, “I came to believe that retail would not be sustainable,” said board member Tom Williams.”
