It's a derelict building that really doesn't look much worse than the last time I was there in 1981.
I think some of these pics are feeding us a line of bull. Some of them. Wasn’t it Rahm Emmanuel who said “Never let a good crisis go to waste”?
http://www.youtube.com/watch?v=1yeA_kHHLow
Here are a couple of photos of Asbury Park taken in June 2006. I don't believe Springsteen has since or ever put his money where his mouth "was".