During this time, Red Bank's economy, based largely on retail commerce, was in decline, due to a real estate scandal, leading local pundits and urban planners to refer to the town as "Dead Bank".
Red Bank's economy was in decline, due to a real estate scandal to refer to the town as "Dead Bank". This was during this time. Red Bank's economy was in decline, due to leading local pundits to refer to the town as "Dead Bank". This was during this time. Red Bank's economy was in decline, due to urban planners to refer to the town as "Dead Bank". This was during this time. Red Bank's economy was based largely on retail commerce.