You might have been concerned if you saw the Neptune Nudniks’ head line yesterday, Middletown missed loan deadline for dredging of lake.
Middletown did not miss a loan payment. It didn’t even miss a deadline as the headline states. The township’s leadership chose not to apply for a loan now for a project, the dredging of Shadow Lake, that they don’t anticipate happening until 2012. Why would they?
If your bank was having a special on home mortgages that expires on on Friday, but you’re not in the market to buy a new home, did you miss the deadline for the mortgage special?
The Asbury Park Press article does present interesting and useful information about the Shadow Lake situation. It reveals that township officials are on top of the situation and are examining their alternatives. It is unfortunate that the Nudniks chose to spin the information as if there was crisis.