What’s Ahead For Mortgage Rates This Week – March 19th, 2018 Last week’s economic news included readings From National Association of Home Builders, Commerce Department reports on housing
Carousel To Stay In Seaside
Under the terms of the agreement, which was introduced during the borough council's meeting Wednesday night, the borough and Casino Pier would swap ocean front property in exchange for the borough taking control of the carousel, according to the borough's website. In July, the owners of Casino Pier, who include Vincent Storino and his family, decided to sell their iconic carousel in an auction. The owners said the current economy forced them to look for a new home for the ride. Casino Pier had hired Guernsey's, a New York City-based auction house, to handle the sale.
Casino Pier plans a major expansion with the property being acquired from the town, according to a statement from the borough.
The Dr. Floyd L. Moreland Dentzel/Looff Carousel, as it's known, has been in Seaside Heights since 1932. Built in 1910, it was initially located at Burlington Island Park near the Delaware River. A 1928 fire destroyed most of that amusement park, but only partially damaged the carousel. It was fixed, disassembled and moved to Seaside Heights at the height of the Great Depression.
It is named after Moreland, 71, who lives nearby in Toms River's Ortley Beach section. Moreland oversaw the restoration of the badly-deteriorated carousel in the 1980s. His friends and family members spent countless weekends inside the then-unheated carousel building in the off-season, painstakingly repairing more than 50 horses and two chariots as well as the two camels, one lion and one tiger that made up the merry-go-round's menagerie.
Arlan Ettinger, president of Guernsey's, had said in the past that he expects Casino Piers' carousel to fetch more than B&B Carousel from Coney Island in Brooklyn, which was sold to New York City for nearly $2 million in 2005. The Coney Island sale also was handled by Guernsey's, Ettinger said.
Carousel Facts:Cost for a ride: $2.25 or 3 tickets
Total number of animals: 58. 35 moving horses, 18 stationary, 2 camels, 1 lion, 1 tiger
Total number of chariots: 2
Total number of light bulbs: 2,01615 original antique paintings from 1910 in center casing.
Nicholas Huba: 732-557-5617; email@example.com
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