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Norristown’s Rittenhouse Club Facing Condemnation

montco_courthouseResidents of a Norristown condo and apartment building must vacate their units by 5:00PM Friday. The Rittenhouse Club on Sandy Street is facing condemnation just three years after it opened, and some residents are facing possible financial ruin.  Eight condo owners need to find living quarters they can afford while still paying mortgages and property taxes.  A Montgomery County judge found the four-story building structurally unsound and gave developer Bruce Fazio 30 days to come up with a report on the building’s deficiencies and a plan for fixing them.  He has already defaulted on a $2.5 million construction loan, and he says he is so far underwater financially that he could not make a profit on the building even if he sold the remaining 18 units.
WNPV AM 1440 As you plan your holiday shopping, think about the "Top 10 Reasons to Support Locally Owned Businesses" from the Institute for Local Self-Reliance (www.ilsr.org): Public Benefits and Costs. Local stores in town centers require comparatively little infrastructure and make more efficient use of public services relative to big box stores and strip shopping malls.
Institute for Local Self-Reliance ilsr.org Building Community, Strengthening Economies
WNPV AM 1440 As you plan your holiday shopping, think about the "Top 10 Reasons to Support Locally Owned Businesses" from the Institute for Local Self-Reliance (www.ilsr.org): Environmental Sustainability. Local stores help to sustain vibrant, compact, walkable town centers which in turn are essential to reducing sprawl, automobile use, habitat loss, and air and water pollution. "Shop Locally for the Holidays!"
Institute for Local Self-Reliance ilsr.org Building Community, Strengthening Economies
WNPV AM 1440 As you plan your holiday shopping, think about the "Top 10 Reasons to Support Locally Owned Businesses" from the Institute for Local Self-Reliance (www.ilsr.org): Competition. A marketplace of tens of thousands of small businesses is the best way ensure innovation and low prices over the long-term.
Institute for Local Self-Reliance ilsr.org Building Community, Strengthening Economies
WNPV AM 1440 As you plan your holiday shopping, think about the "Top 10 Reasons to Support Locally Owned Businesses" from the Institute for Local Self-Reliance (www.ilsr.org): Product Diversity. A multitude of small businesses, each selecting products based, not on a national sales plan, but on their own interests and the needs of their local customers, guarantees a much broader range of product choices. "Shop Locally for the Holidays."
Institute for Local Self-Reliance ilsr.org Building Community, Strengthening Economies
WNPV AM 1440 Tune in tonight at 7:55 PM for WNPV's first broadcast of the year of Gwynedd Mercy University Men's basketball.
WNPV AM 1440 Big sports weekend coming up! Start tonight with Downingtown East at Quakertown high school football at 6:30 PM. Tomorrow, we have Temple at Penn State starting at 10:30 AM (sorry, no "Premium Adjustment" this month! :(), followed by the final NASCAR Nationwide Series race, joined in progress. Sunday, it's the final NASCAR Sprint Cup race with the crowning of this year's Champion, starting at 2 PM. So stay tuned to 1440 AM all weekend ... or listen live online at www.wnpv1440.com.

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