Online Stock Market Trading A multimillionaire and one of Burlington County's largest private landowners, J. Garfield DeMarco dismisses with a wave of his hand claims that he's out to make money off the new Seneca High School in neighboring Tabernacle. Opponents of building Seneca long have suggested that DeMarco stands to gain financially because having a new school nearby will increase the value of his property, most of which stretches across Woodland.
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Stock Investing Course DeMarco owns or helps control about 75 acres in the last buildable areas of Chatsworth, a village that serves as Woodland's center, and in other small pockets of the township, a Courier-Post analysis of property records found. DeMarco said the estimate sounded high to him, but he also said "maybe" it's accurate.
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Stock Market Game DeMarco's land, like all property in Woodland, has risen in value - and will continue rising - because of the township's admission into the Lenape Regional High School District in 1996.
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Stock Investing Game And land values in the township likely will rise even higher once Woodland's 58 high school students begin attending Seneca 10 miles away in the fall of 2003.
mile property was owned by A.R.DeMarco Enterprises and had been the cranberry farm of the late Anthony R. DeMarco, a son of Italian immigrants who began acquiring bogs in the area in 1940. The DeMarco lands were one of the largest privately owned tracts in New Jersey. It was also one of the largest and most productive cranberry farms in the country.
Journal Prime Rate Street Wall But DeMarco said he has no plan for any major development of his properties in Chatsworth.
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Stock Market News "We have some scattered lots in the middle of town," DeMarco said. "But as far as company-owned land that's usable, it's very small."
Stock Investing Basics Compared to his vast holdings, that's true. The Courier-Post identified 9,407 acres in Woodland, Hammonton, Tabernacle and Medford that DeMarco controlled personally or through A.R. DeMarco Enterprises as of 2001.
Stock Investing Software Of that land, he owned 8,748 acres in Woodland, making him the township's largest private landowner, according to computerized state records. But most of DeMarco's land in the township is locked away from development by highly restrictive Pinelands zoning.
Stock Market Trading DeMarco, who is unmarried, has been the political power broker driving the Republican Party's success in Burlington County over the past 30 years.
Stock Investing For Dummy DeMarco mused in a recent two-hour interview about his landholdings and his involvement in the battle over building Seneca.
Stock Market Crash He requested that the interview take place at his favorite haunt, a back room at the Maplewood Inn in Hammonton, where he also owns a Victorian mansion.
Stock Investing Tip DeMarco said it has been his goal, and that of most Woodland residents, since the 1960s to improve the education of Chatsworth students by having them attend the Lenape district.
Stock Market Chart DeMarco helped engineer Woodland's entry into the Lenape district in 1996. A year later, he created a political action committee to lobby voters in the Lenape district's eight towns to approve a $68.7 million bond referendum to build Seneca and expand Cherokee High School in Evesham.
Online Stock Investing The DeMarco family, which includes Garfield and a brother and sister, owns A.R. DeMarco Enterprises, a longtime cranberry growing business started by their father, who died in an automobile accident in 1964.
Stock Market Crash Of DeMarco has said he owns at least 12 homes in Woodland.
Stock Investing For Beginner He controls his properties either under his own name, as president of A.R. DeMarco Enterprises; with his siblings; or as holder of tax sale certificates.
Finance Journal Personal A Courier-Post examination of thousands of computerized and paper property records, as well as scores of land transactions stretching to the 1970s, shows that DeMarco and his older brother, Mark, own property in the few remaining developable areas of Woodland, but in relatively small amounts.
Stock Market Report It's nearly impossible to pinpoint with certainty all DeMarco property because he, the business and his family have owned and sold so much over the years stretching to the 1940s.
Finance Investing Stock Market Their holdings often dip in and out of zoning boundaries between developable and protected areas. Land sizes on local tax maps sometimes conflict with acreage on records supplied by the state. Further, DeMarco holds some lots that are obviously too small to build on.
Wall Street Journal Com One of the company's prime holdings in town is an 11.29- acre parcel zoned light industrial tucked off Chatsworth's main street, according to township tax maps. The building on the ground was once used for blueberry processing but is vacant except for some storage, DeMarco said.
Stock Market Investing Advice Records on file with Burlington County show few land transactions tied to DeMarco in recent years.
Street Trader Wall Mayor Robert DePetris, who works at the Burlington County Bridge Commission, where DeMarco is chairman, said he did not see any evidence DeMarco was looking to cash in on Woodland's rising land values.
Indian Stock Market Most of the activity has involved Mark DeMarco, who has cashed in on Woodland's mini land boom. Since Lenape voters approved the Seneca project in a 1997 referendum, Mark DeMarco has sold off almost $100,000 in vacant land that he often paid, literally, dollars for in tax sales and from estates, records show.
Stock Investing Advice Mark DeMarco, a partner in A.R. DeMarco Enterprises, holds most of his lots in what's known on tax records as the Savoy Lots and Gardens area of Chatsworth.
Free Journal Street Wall Mark DeMarco, 70, did not return messages, including two messages left with his son. As of late 2001, he owned or held tax liens on about 100 acres scattered on about as many lots in a section of the township zoned for single- family homes.
Stock Market Information Again, some of those lots are too small to build on under current zoning.
Penny Stock Investing Records on file with Burlington County show that sometimes he paid as little as $1 to $12 for a single lot during tax lien sales.
Stock Market Stock Savoy Gardens is in the Chatsworth section, which has a fire station and only a few businesses such as Buzby's, a general store owned by Barnegat Light Press Inc.
Stock Market Investing Basics Garfield DeMarco also quickly discounts that he hoped the Seneca project would help his brother's land increase in value.
Black Hoodies Street Wall The two brothers have "limited contact," DeMarco said. They meet infrequently for business centered on A.R. DeMarco Enterprises, he said.
Stock Market Trading Tip Their sister, Anna Papinchak, is the third owner, but lives near Seattle.
Stock Option Investing For his part, Garfield DeMarco has not needed to sell land. Though most of his land holdings are restricted from development by Pinelands zoning, he has learned to profit from the reserve.
Small Cap Stock Investing DeMarco has agreed to deed-restrict thousands of acres of his land, preventing it from ever being developed. In return, A.R. DeMarco Enterprises has received $7.2 million through the sale of Pinelands Development Credits both to the state and private developers, according to Pinelands Commission records.
Value Stock Investing PDCs, as they are known, are a method of compensating landowners in the Pinelands preservation areas for a loss in land value since they can't build on the land or use it for business.
Invest Stock Market Developers buy the PDCs to build in less-restricted Pinelands areas. DeMarco has privately sold $1.6 million in PDCs.
Stock Investing System But he's made the core of his money off the state, to which he has sold $5.6 million in PDCs through the Pinelands Commission's Special Purchase Program.
How To Invest In The Stock Those credits have been "retired;" they can't go toward development.
Beginner Investing Market The program was indeed special for DeMarco - about 98 percent of all the money used by the program to compensate landowners has gone to him, according to the most recent accounting available from the Pinelands Commission.
Black Real Street Wall DeMarco's land in protected areas of the Pinelands lost value as a result of the Pinelands Preservation Act. Most of it is locked into some of the most restrictive Pinelands zones, the Pinelands Preservation or Special Agricultural Production areas. Virtually no building is allowed there.
Bond Investing Stock DeMarco, a cranberry grower, has been battered by a steep slide in cranberry prices. The price per barrel has fallen from $47.70 in 1991 to $10.90 in 1999.
Stock Market Prices In the end, even some of his biggest enemies doubt that DeMarco became involved with Lenape to increase the value of his land.
Free Stock Investing "You're off on the wrong track," said Marvin Matlack, a one-time political foe from Woodland.
Analyst Street Wall "Through the years I've known Garfield, it's not about money ... that school was about one thing - power. This basically is about power."
Stock Market Data For his part, DeMarco turns 64 next month and says he's had enough of big political functions, preferring to work quietly most days in a Victorian mansion that serves as the office for his business.
Gold Stock Investing "I'm there if they want me," he said, "but I'm happy to be out of the Sturm and stress of politics."
Street Wall Words By Frank Kummer
Courier-Post - 6/11/2002
Topic: Pinelands
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