Why I think the Sirius Minerals share price could fall 60% in 2020

first_img Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address See all posts by Rupert Hargreaves “This Stock Could Be Like Buying Amazon in 1997” Rupert Hargreaves | Saturday, 11th January, 2020 | More on: SXX Our 6 ‘Best Buys Now’ Sharescenter_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. The Sirius Minerals (LSE: SXX) share price could be on the verge of collapse, despite recent news about a possible takeover.Last year was supposed to be a transformational one for the group. Management was planning to get the second stage of financing locked in to complete the firm’s flagship North Yorkshire potash mine development and move forward with the project.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…However, after the company had to pull a planned bond issue over the summer, Sirius’s development plan fell apart.FinancingManagement has been struggling to pull together some form of financing ever since. Some good news came at the end of November when the company announced that it was in “active” discussions with several potential partners to raise $600m.The plan is to use this capital to fund shaft sinking and access the deposits of polyhalite Sirius is trying to mine. In doing so, management believes that the company would be able to prove to outside investors that it is worth backing and find the rest of the $2.5bn required to finish the project.There has been no further news on this front since November.However, this week it emerged that global mining giant Anglo American is considering a bid for Sirius. According to the initial announcement, Anglo is in advanced discussions with Sirius about a possible offer at a value of 5.5p per share in cash valuing the entire issued share capital of Sirius at approximately £386m.This deal makes a lot of sense for several reasons. For a start, Anglo has far more experience in the mining industry than Sirius, it also has deeper pockets and a global network of suppliers. Anglo says it identified Sirius as being of “potential interest some time ago,” due to its unique mine asset. It seems management has been waiting for the right opportunity to pounce. That said, there’s no guaranty the two parties will agree on any deal, which means shareholders are still exposed to the company’s funding problems. Shareholder fundingIf the company cannot find any backers, then all is not lost. In the past, Sirius has leaned heavily on its investors to fund the development of its mine. It could do the same this time around.A rights issue or placing might raise the cash requires to progress with mine development, but it would dilute existing shareholders substantially. At the current market capitalisation of £260m, the company would have to nearly triple its number of shares in issue to raise the $600m, the amount management believes they will require to fund the next stage of the project. This suggests that the stock could fall by as much as two-thirds in 2020 if Anglo’s offer falls through.As such, I think it might be best to avoid the Sirius share price in 2020. Anglo’s offer looks appealing, but if it falls through, the company will have to lean heavily on investors. With the stock trading at the offer price, it seems as if there are many other investments out there with better risk/reward profiles. Why I think the Sirius Minerals share price could fall 60% in 2020 Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.last_img read more

São Francisco Xavier House / RAP Arquitetura e Interiores

first_imgCopyHouses•São Francisco Xavier, Brazil ArchDaily Projects Manufacturers Brands with products used in this architecture project Brazil São Francisco Xavier House / RAP Arquitetura e InterioresSave this projectSaveSão Francisco Xavier House / RAP Arquitetura e Interiores ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/878514/sao-francisco-xavier-house-rap-arquitetura-e-interiores Clipboard “COPY” Houses “COPY” Architects: RAP Arquitetura e Interiores Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/878514/sao-francisco-xavier-house-rap-arquitetura-e-interiores Clipboard Year:  2016 São Francisco Xavier House / RAP Arquitetura e Interiores Manufacturers: Brasil Imperial, Deca, Galo Ferragens, Galpão, Palimanan, VianarteMetal Structure:Guilherme Senra do ValleConstruction:Anderson Sales de CarvalhoMEP:Anderson Sales de CarvalhoFrames:Sergio GiloleInteriors:Kika Petersen – Estúdio PKAuthors:Alessandra Riera, Ana Paula VeiranoArchitect In Charge:Alessandra RieraCity:São Francisco XavierCountry:BrazilMore SpecsLess SpecsSave this picture!© Evelyn MullerRecommended ProductsDoorsStudcoAccess Panels – AccessDorEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAWoodAccoyaAccoya® Cladding, Siding & FacadesEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornText description provided by the architects. The couple, who lived in Rio de Janeiro for many years, with adult children who live outside of São Paulo, always wanted to have a country home in Itaipava, a mountain region of Rio de Janeiro. However, the distance between São Paulo (where they currently live) and Itaipava was always a difficulty. Until one day they were spending a weekend in San Francisco Xavier, and it was passion at first sight. They were enchanted with the place, soon began to look for a land and found one with a breathtaking view for the mountain of the Mantiqueira and in the background the city of San Jose. They wanted a small, cozy, single-storey house to rest on weekends and holidays. We proposed a whole house integrated where all the environments enjoy the view.Save this picture!© Evelyn MullerSave this picture!Plan – Ground FloorSave this picture!© Evelyn MullerTo take advantage of the view, we proposed a house with all the rooms facing it. We set up the house at the end of the existing plateau leaning in the woods, keeping the trees that pass through the middle of the wooden deck, a very special place to contemplate the view and warm up to the sun that beats him all day.Save this picture!© Evelyn MullerSave this picture!Section AASave this picture!© Evelyn MullerAll rooms are interconnected by the external balcony and an internal corridor where the rooms are facing. There are 3 suites, a toilet, a mini office, a pantry, integrated kitchen, living room and balcony. Under the part of the house that was in balance on the ground is the laundry, storage and technical area. The fireplace was designed to fit the living room and the balcony.Save this picture!© Evelyn MullerSave this picture!Section BBSave this picture!© Evelyn MullerEvery project was executed with local labor. We wanted a country house-style building, with colonial tile roof, brick, demolition wood, apparent structure and easy maintenance.Save this picture!© Evelyn MullerProject gallerySee allShow lessValente House / Moirë arquitectosSelected ProjectsSOM Designs Stereoform Slab Pavilion for 2019 Chicago Architecture BiennialArchitecture News Share Area:  255 m² Year Completion year of this architecture project Save this picture!© Evelyn Muller+ 54Curated by Pedro Vada Share CopyAbout this officeRAP Arquitetura e InterioresOfficeFollowProductsWoodBrick#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSaint Francis XavierBrazilPublished on September 19, 2019Cite: “São Francisco Xavier House / RAP Arquitetura e Interiores” [Casa São Francisco Xavier / RAP Arquitetura e Interiores] 19 Sep 2019. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialMetal PanelsDri-DesignMetal Panels – CopperIn architectureSikaBuilding Envelope SystemsExterior DeckingLunawoodThermowood DeckingMembranesEffisusFaçade Protection – Breather+Metal PanelsPure + FreeFormCustom Metal Cladding – Legacy Fund 1 BuildingWood Boards / HPL PanelsInvestwoodWood Fiber Partition Walls – ValchromatDoorsLinvisibileLinvisibile FILO 10 Vertical Pivot Door | BrezzaSkylightsFAKROEnergy-efficient roof window FTT ThermoToilets / BidetsBritexToilets – Accessible Centurion PanMore products »Save想阅读文章的中文版本吗?圣弗兰西斯住宅 / RAP Arquitetura e Interiores是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Producers to Receive Automatic Prevented Planting “Top-Up” Payments

first_img Producers to Receive Automatic Prevented Planting “Top-Up” Payments SHARE Facebook Twitter Home Indiana Agriculture News Producers to Receive Automatic Prevented Planting “Top-Up” Payments Facebook Twitter The U.S. Department of Agriculture (USDA) announced today that producers currently participating in federal crop insurance who had in 2019 a payable prevented planting indemnity related to flooding, excess moisture or causes other than drought will automatically receive a “top-up” payment. Producers will receive the payment from their Approved Insurance Providers (AIPs) starting in mid-October.Producers with Yield Protection and Revenue Protection with Harvest Price Exclusion will receive a 10 percent top-up payment, while producers with Revenue Protection will receive 15 percent. They do not need to sign up to receive payments; all producers with a 2019 prevented planting indemnity will receive the top-up.“It was a challenging planting season for many of our farmers,” said Bill Northey, USDA’s Under Secretary for Farm Production and Conservation. “We are doing everything we can to ensure producers receive the help they need.“USDA is working with AIPs so that producers can receive additional payments as soon as possible,” Northey added, “and we appreciate the AIPs for helping us help America’s farmers.”The crop insurance industry will deliver the payments as part of the Additional Supplemental Appropriations for Disaster Relief Act of 2019. After the initial payment, additional payments will be made in the middle of each month as more prevented planting claims are processed.“Crop insurance is an important program for many producers to help them manage their production and price risks,” said Martin Barbre, Administrator of USDA’s Risk Management Agency (RMA). “We’re leveraging that system to efficiently and effectively deliver much needed support to our farmers.”RMA received commitments from all 14 AIPs to deliver the top-up payments:ACE Property and Casualty (Rain and Hail) Insurance CompanyAmerican Agri-Business Insurance CompanyAmerican Agricultural Insurance CompanyCGB Insurance CompanyChurch Mutual Insurance CompanyCountry Mutual Insurance CompanyFarmers Mutual Hail Insurance CompanyGreat American Insurance CompanyHudson Insurance CompanyNAU Country Insurance CompanyProducers Agricultural Insurance CompanyRural Community Insurance CompanyStratford Insurance CompanyXL Reinsurance America Inc.The prevented planting top-up payments are different from the Wildfires and Hurricanes Indemnity Program Plus (WHIP+) payments. (For more information on WHIP+, visit https://www.farmers.gov/recover/whip-plus.) By USDA Communications – Sep 26, 2019 SHARE Previous articleU.S., Japan Strike Agreement on Trade Deal for Ag Products on the HAT Thursday Morning EditionNext articleRyan Martin’s Indiana Farm Forecast for September 27, 2019 USDA Communicationslast_img read more

Vhi calls for Limerick people to get moving

first_imgAdvertisement Bushy Dublin parkrun. Photo by David FitzgeraldVhi Ambassador, David Gillick is calling on walkers, joggers and runners to join him at the Limerick parkrun on Saturday, 3rd February when Vhi will host a special event to celebrate their partnership with parkrun Ireland.parkrun Ireland support local communities in organising free, weekly, timed 5k runs every Saturday at 9.30am. parkrun events are open to all ages and abilities. The 3rd of February will also mark the 2ndanniversary of Limerick parkrun.In addition to the normal parkrun that will take place at University of Limerick, Olympian David Gillick will be on hand to lead the warm up for parkrun participants before completing the 5km course. Vhi will be providing refreshments in the Vhi Relaxation Area at the finish line. Free massage balls will be given out on a first come first served basis and a qualified physiotherapist will also be on hand to guide participants through a post event stretching routine.Sign up for the weekly Limerick Post newsletter Sign Up Vhi Ambassador David Gillick during the Bushy Park, Terenure, Co. Dublin Photo by David FitzgeraldLimerick parkrun event director, Deirdre O’Brien is extending a warm welcome to newcomers“The community at Limerick parkrun prides itself on being welcoming to all, so if you’ve never completed a parkrun before or have just let your parkrun habit slip, I’d encourage you to give it a go this weekend.”Declan Moran, Director of Marketing & Business Development, Vhi said “The success of parkrun lies in the simplicity and accessibility of these local community based events which are now taking place in 86 parks nationwide. All ages and abilities are welcome. At Vhi we are committed to helping our members live longer, stronger, healthier lives.”Vhi Ambassador and Olympian, David Gillick added “I’m really looking forward to helping and encouraging everyone in Limerick on Saturday morning. parkrun is a brilliant way to get some exercise, socialise and generally get your weekend off to a great start.”The events are organised by more than 600 volunteers every weekend. Over 100,000 registered participants have run more than 3.6 million kilometres at parkrun Ireland events since it started here in November 2012.To register for a parkrun click here.More local news here. Twitter Print Three GOAL Miles taking place in Limerick over festive period TAGS5K runsDavid GillickDeclan MoranDeirdre O’ BrienJoggingparkrunrunningVHIwalking WhatsApp Facebook NewsLocal NewsVhi calls for Limerick people to get movingBy Staff Reporter – January 29, 2018 1523 Email Linkedin Previous articleCompetition winnerNext articleBus transfers in operation between Limerick and Ennis due to flooding Staff Reporterhttp://www.limerickpost.ie RELATED ARTICLESMORE FROM AUTHORlast_img read more

ITIC predicts further tourism growth and calls for further investment

first_img Further drop in people receiving PUP in Donegal WhatsApp By News Highland – December 30, 2014 Pinterest WhatsApp Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th Homepage BannerNews 75 positive cases of Covid confirmed in North Google+ Tourists from overseas spent over 3.5 billion euro here in Ireland this year.According to new figures published today by the Irish Tourist Industry Confederation, 5,000 new jobs have been created in the tourism sector during 2014.The body – which is predicting an extra 400 thousand visitors to travel here next year – is calling for 250 million euro investment over 5 years to ensure sustainability in the sector.Paul Carty is the Chairman of Irish Tourist Industry Confederation. He says growth in international markets coupled with the success of the Wild Atlantic Way from Donegal to Cork mean that the targets are very reachable…………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/12/carty530.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. ITIC predicts further tourism growth and calls for further investmentcenter_img Google+ Facebook Twitter Facebook 365 additional cases of Covid-19 in Republic Twitter Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHOR Previous articleWoman killed in Creeslough fire named locally as Josephine HiggsNext articleRupert Graves: How I pick my TV roles News Highland Gardai continue to investigate Kilmacrennan firelast_img read more

Snow just part of the fun at museum event

first_img Calvin Bodiford and the Southern Strings played Christmas carols on traditional instruments at the Reunion Cabin while Chuck Arney played the bagpipe in the moonlight.“This is a great Christmas event,” Arney said. “I play at several seasonal gatherings and I always enjoy the spirit of these events.”Ole Time Christmas wouldn’t be Christmas without cider and teacakes and other holiday treats. Remember America’s heroes on Memorial Day Email the author Around the WebDoctor: Do This Immediately if You Have Diabetes (Watch)Health VideosIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthGet Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Skip Book Nook to reopen Pike County Sheriff’s Office offering community child ID kits Plans underway for historic Pike County celebration Latest Stories The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Published 11:27 pm Friday, December 9, 2011 Print Article Just as guaranteed, it snowed at the Pioneer Museum of Alabama Friday. And, if the weatherman is right, it will snow again tonight.The snow was just part of the fun of Ole Time Christmas at the museum. The weekend event attracted a large crowd of the young and the young at heart Friday night and offers the same holiday entertainment tonight.Rachael Greve, museum director, said the cool, crisp night along with the seasonal music that filled the air Friday night, set the perfect atmosphere for an Ole Time Christmas celebration. By Jaine Treadwell Snow just part of the fun at museum event Sponsored Content Troy falls to No. 13 Clemson Whiffs of steaming hot chocolate drifted from the Reunion Cabin and drew visitors to the cabin where Alma Bodiford was brewing the popular holiday treat. And, across the museum grounds, Agnes Johnson was stirring a pot of hot tea and serving teacakes and roasted nuts.“We’ve had a good crowd and the children and adults have enjoyed roasting marshmallows,” Johnson said. “Ole Time Christmas is a great way to celebrate the season. There’s nothing more special than a simple Christmas celebration.”The museum’s Bradleyton Depot was the stopover place for those who wanted to watch the classic film highlighting the grand North Pole adventure of a little boy, a mighty steam engine and one very magical sleigh bell.And, Old Father Christmas was at the museum to hear the Christmas wishes of boys and girls. You Might Like Police confirm armed robbery in Troy A resident at Suntrace Mobile Home Park was threatened with a weapon and robbed Friday morning, according to Troy police…. read more By The Penny Hoarder The Hearth & Homestead Gift Shop is always a favorite gathering place and features many one-of-a-kind items that will make great stocking stuffers or presents for the tree.All of Friday night’s activities and events will be back on track from 6 until 9 p.m. today at the Pioneer Museum of Alabama. Admission is free and everyone is invited to celebrate the Christmas season the old fashioned way with family, friends and neighbors.“Ole Time Christmas is the Pioneer Museum of Alabama’s gift to the community,” Greve said. “We hope everyone will come out tonight and share this special time with us.”last_img read more

Dynamics of growth and maturation in the cephalopod Illex argentinus de Castellanos, 1960 (Teuthoidea: Ommastrephidae)

first_imgPost-recruit Illex argentinus were collected from the fishery on the Patagonian Shelf between 1986 and 1988. Age was determined by analysis of daily growth increments in ground sections of the statolith, female fecundity was determined, specimens were dissected, weighed and assigned a maturity stage. The relation between mantle length and age is best approximated by a linear model. Both sexes live approximately one year. Females grow faster and attain a larger size than males, but males mature younger. Hatching occurs during the austral winter, peaking in June-July. There is a consistent trend of increasing growth rate with later date of hatching. Statolith growth is negatively allometric with body growth and there is greater divergence between statolith and body growth in females. In post-recruit Illex growth in mass of somatic tissues, apart from the digestive gland, approximates isometry with growth of the whole body. Growth of the digestive gland and the reproductive organs is positively allometric with growth in whole body mass. There is poor correlation between the mass of female reproductive organs and whole body mass, which is due to differences in size at maturity. Mating rarely occurs on the feeding grounds. Fecundity of fully mature females in the sample falls in the range 113835-246098 eggs per individual. This possibly underestimates average fecundity because mature squid on the feeding grounds may be precocious and smaller than average at full maturity. A model combining absolute and relative growth, predicts average male and female growth and growth of the major somatic and reproductive organs. This poorly predicts average female maturity indices with age because of variability in mass of the female reproductive organs. A model that treats maturity stages separately gives close agreement with measured mass of the reproductive organs and maturity indices of a mature female at age one year. Females invest approximately 20% of total body mass in gonad and accessory reproductive organs at full maturity.last_img read more

Boise State wins season opener, beats Utah State 42-13

first_img FacebookTwitterLinkedInEmailBOISE, Idaho (AP) — Hank Bachmeier threw for 268 yards and three touchdowns, George Holani rushed for 100 yards and a pair of touchdowns, and Boise State defeated Utah State 42-13 in the season opener for both teams.Boise State won its home opener for the 11th straight time and hasn’t dropped a conference opener since 1999. Utah State continued its abysmal record against the Broncos, losing for the 17th time in the last 18 matchups. October 24, 2020 /Sports News – Local Boise State wins season opener, beats Utah State 42-13 Tags: Boise State Broncos/Mountain West/Utah State Aggies Football Written by Associated Presslast_img read more

‘Eye watering’ letting agent check-out bill for £1,071 unveiled on Twitter

first_imgHome » News » ‘Eye watering’ letting agent check-out bill for £1,071 unveiled on Twitter previous nextRegulation & Law‘Eye watering’ letting agent check-out bill for £1,071 unveiled on TwitterShelter’s Head of Policy has published a picture of invoice sent to tenant following check-out by unnamed corporate agency.Nigel LEwis9th August 201801,759 Views An ‘eye-watering’ and ‘disgusting’ inventory invoice by an unnamed corporate letting agency has gone viral on Twitter and has been retweeted 49 times over the past 48 hours.The list (pictured, below) was uploaded by Kate Webb, a social housing activist on social media and also Shelter’s Head of Policy.Said to have been passed to her by a ‘friend of a friend’ who she says it “definitely challenging” the list, it has been criticised by dozens of her Twitter followers mainly because the agent involved has charge a total of £1,071 to the tenant involved to check out of the property.This included charging £5 for a bulb and £100 for scuff marks on the living room wall, £300 for a professional clean and £156 for the inspection.People reacting on Twitter have claimed that the scuff marks mentioned so many times on the list should have been excluded under ‘wear and tear’ guidelines.The tweet by Kate (pictured) prompted several of her followers to recount similar stories and ask why she hasn’t unmasked the agent involved. Kate says she “didn’t want to get into a dialogue with them when the complaint has only just gone in,” she tweeted.ARLA Propertymark’s advice on ‘fair wear and tear’ is unequivocal about what can and cannot be charged for.“Many landlords believe that the property should be returned to them in the same condition as at the start of the tenancy however this is not the case,” it says.“At the end of the tenancy the most appropriate remedy to damage must be considered and proposed deductions must be reasonable, proportionate and in excess of fair wear and tear.”Read more about inventories. inventories letting agent Kate Webb Shelter twitter August 9, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

NIMPS, Not NIMBYs in Ocean City Skate Park Debate

first_imgSkaters, young and old, made up the majority of a crowd who attended a City Council workshop Thursday in Ocean City on a proposed skateboard park site.More than 150 people attended a City Council workshop Thursday night dedicated to a proposed skateboard park in Ocean City.In a show of hands, not a single one objected to the idea of building a park in the city.But the crowd was more divided on a proposed site: on a portion of a parking lot adjacent to the Ocean City Fire Department on the 500 block of Asbury Avenue.The scene had all the makings of a classic “Not in My Back Yard” (NIMBY) debate, but there were few objections to bringing skaters to the neighborhood. Instead, the proposal struck a much more tender nerve for Ocean City residents: “Not in My Parking Spot.”The proposed site would eliminate 33 parking spaces from a lot the city created to alleviate parking problems in the area.A committee of local skaters, elected officials and city employees had been working to develop a detailed plan, but an April 15 deadline to apply for a grant that could help pay for the park forced the group to announce the proposed site before it could solicit feedback from all neighbors.That left residents who have become accustomed to using the parking lot in a position of being the “bad guys” lining up against the youth of Ocean City.On a densely populated island where the summer population swells well beyond 100,000 people, parking close to home is never a given. But in Ocean City’s historical district, where off-street “garages” were designed for horse and buggy, the problem is even worse.Residents of the 400 block of Central Avenue — the heart of the historical district — were among the people who questioned the elimination of parking.The council workshop and a subsequent “Town Hall” that allowed for more interaction were dedicated largely to replacing the lost parking spots. THE DEBATE“This neighborhood is probably the oldest in Ocean City,” said Jeff Sutherland, a resident of the 400 block of Central Avenue. “There is very limited parking.”“We’re not allowed to take anything down,” Sutherland later said about the notion of historical district property owners creating more off-street parking. “We can’t change it. There’s nothing we can do about it.”Sutherland said the city used the lot as a boat yard but turned it into a parking lot to help the neighborhood.Nancy Aiken, innkeeper at the Ocean City Mansion at 416 Central Avenue, said she has four children who would likely use the skate park. But she said her inn needs the 10 parking spots afforded by the existing lot.“Please don’t take away my parking,” Aiken said.The majority of speakers spoke in favor of the park as an important resource for youth and families.Mark Raab said the park could be a benefit for businesses. He said his wife drives their child to Sea Isle to skate and stays there until he’s finished.“She drives back with a lot of packages,” he said.Ocean City Intermediate School student Ricky Hardin summed up support for the proposal: “Just let us have our fun.”Mike Pinto, a Fifth Street resident who owns the residential property closest to the proposed park, is a member of planning committee, and he had a proposal to recover the full balance of lost parking spaces. He said 31 spaces could be created in a ring around the adjacent Ocean City Primary School by removing “Loading Zone” and other no-parking signs in the summer when the school doesn’t need them and residents do.The remaining two spaces could be added in the parking lot entrances that would be eliminated with the construction of a skateboard park.Read more:Group zeroes in on skate park site for Ocean CitySee proposed site map__________Sign up for OCNJ Daily’s free newsletter and breaking news alerts“Like” us on Facebook THE PROPOSALFirst Ward Councilman Mike DeVlieger opened Thursday’s workshop with a presentation on plans for the skate park.The city dismantled a park near Sixth Street and the Ocean City Boardwalk in 2011, citing safety concerns over deteriorating equipment. That park had opened in 2002 at a cost of a little more than $130,000. Since then, the city administration has promised to rebuild the park, and City Council has approved a capital plan that calls for spending $250,000 on the project.The vision for the park includes using the $250,000 dedicated by the city as a foundation for a park that could potentially cost three times as much. The group envisions a concrete park. And the group hopes a Green Acres Cape May County Recreation Grant will cover much of the remaining cost.The group planning the park includes surf shop owners, business people, parents and students — all skaters and committed to skating.The skateboard park, they say, is a perfect fit for the culture of Ocean City, a town proud of its successful high school surfing team and a draw for the surfers throughout the region.The group considered 21 sites — places including the Ocean City Municipal Airport parking lot, open space at Second Street and Bay Avenue, Bayside Center (500 block of Bay Avenue), under the 34th Street Bridge, south of the 46th Street firehouse, the former site at Sixth and Boardwalk, and others.The proposed site was prioritized because of its central location, accessibility and proximity to both the Ocean City Fire Department and Ocean City Police Department.Unlike the dismantled park, which was made of portable material bolted together, the proposed park would be made of concrete. DeVlieger’s presentation showed a 6-year-old California skater on a park similarly designed: See Asher Bradshaw video.Proposed skate park design.DeVlieger said the parking spaces recovered after removing the old skateboard park from the lot at Fifth Street and the Boardwalk have generated $72,500 per year.Among the 33 spots sacrificed to construct a park (the proposal leaves half of the existing parking lot untouched), DeVlieger says 10 spots will be recovered with the removal of temporary Comcast trailers, six spots by removing city vehicles and another five by restriping lines.He said changing the 400 block of Central Avenue to a one-way street (it dead-ends into the Ocean City Tabernacle property) could create eight new spots if the city implemented angled parking.The proposal would involve moving an existing Ocean City Ecumenical Council Clothes Closet building from one side of the firehouse to the other.last_img read more