Much of Asbury has been in a funk since at least the late 70s. There have been a number of attempts to try and revitalize it, but it just never seems to fully latch on. If I had to speculate, I'd say plenty of mismanagement and probably a sprinkling or two of corruption and palm greasing.
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That's too bad. It's sad that so much good could be done, but can get missed or removed by mismanagement or "other reasons." It's really a shame.