Parkhill's Waterfront Grill, a popular Loch Arbour pub and restaurant that gained notoriety this summer after an employee labeled two patrons as a "Jew couple" on their receipt, has been sold.
Village officials said Tuesday that after a month or two of rumors, they now know that owner Michael Parkhill has decided to sell. They do not know for certain who the new owner will be or what will happen to the restaurant next.
Lorraine Carafa, the village clerk, said she spoke on Monday with Parkhill, who told her he had a contract to sell the restaurant on the edge of Deal Lake with a closing anticipated in November.
While they have not come down as fast as they went up, gasoline prices have been falling noticeably. The reasons? Motorists are cutting back on their driving, and post-hurricane repairs continue in the energy-rich Gulf of Mexico.
Prices were poised to jump instead of fall as the season's latest significant storm, Hurricane Wilma, threatened the Gulf Coast over the weekend, but it barely disrupted energy operations.
Tom Kloza of the Oil Price Information Service in Wall, which conducts gasoline surveys for travel club AAA, said prices could drop below $2 a gallon in some states as early as this weekend. In New Jersey, he expects prices to drop from an average of $2.54 on Tuesday to the $2.25 range in those areas of the state where stations compete sharply on price.
The high cost of health insurance is causing New Jersey workers to lose their coverage at a faster pace than workers in almost all other states, according to a survey released Monday.
The Economic Policy Institute, a Washington, D.C., research group, reported 57.5 percent of New Jersey's private-sector workers received health insurance through their employers in fiscal year 2003-04, compared with 63.2 percent in fiscal year 1999-2000.
The study estimates that 206,000 people in New Jersey lost health coverage from 1999-2000 to 2003-04. Of those, 162,000, or 79 percent, were workers. The number of New Jersey workers with insurance declined by 5.6 percentage points, trailing only Virginia and Arkansas, according to the organization.
The U.S. Small Business Administration backed 272 loans totaling $67.1 million in Monmouth County in SBA's fiscal year 2005, which ended Sept. 30. That represents an increase from the year before, when 179 loans totaling $45.4 million were made in Monmouth County.
That left the county in fourth place statewide, the SBA said, while Ocean County, with 153 loans totaling $34.4 million, ranked ninth. Last year, 130 loans were made in Ocean County, totaling $31.4 million.
Statewide, small business owners received 3,687 SBA loans totaling $707 million from various lenders in 2005, compared with 2,865 loans totaling $602 million the previous year, the agency reported Thursday.
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