The future of our Town is being decided behind
closed doors and we need to get answers
before it's too late.
Sean Walter has been deliberating behind closed doors for weeks now on the intended deal to sell all of the remaining EPCAL acreage for a reported $40 million. While this sounds like a lot of money for the Town, there are several important questions to which he has not provided answers - not even to the Town Council.
Hey Sean! What's the big secret? The taxpayers of Riverhead were promised that EPCAL would be an economic generator. But, there has been no information forthcoming on how this will occur. On its surface selling all that land for an average of about $16,000 per acre doesn't sound like a great deal.
What land is being sold and who is it being sold to?
We need to see a map with the boundaries of the property to be sold, the controlling zoning district(s), and a list of the buyers. There seems to be a mysterious "other buyer" besides Luminati.
Why isn't housing prohibited indefinitely for this potential owner/owners, and all future owners?
We all know that housing is a net loss to any town's budget and a drain on the taxpayers.
Why does the deal include so much supposedly "undevelopable" land, possibly 1400 acres?
Can these become developeable in the future? Will there be a legal guarantee that no development what-so-ever occurs on these lands in the future? Why hasn't the Town considered retaining ownership of those acres and creating a nature preserve and/or park. Was the scenic and rare natural value of those acres, to current and future citizens of the Town, given serious consideration and why is the Town placing so low a value on those acres?
What existing covenants and restrictions on the land will become part of the contract?
What is the value of any saleable Pine Barrens Credits being conveyed to the new owner?
What is the continuing role of the NYSDEC in relation to this contract of sale and the future use of the land?
How will the NYSDEC continue to review future plans for the entire site and control endangered species protection areas?
What is the status of the long-term lease between the Town and the car storage company (AIA)?
Will that lease, estimated at $50,000 per year, transfer to the new owner(s)? Will storage of similar wreckage be permitted in the future?
What are the real, net, tax consequences of this sale?
That is, what tax exemptions will be given to the new owners(s), what taxes will be paid, and how will this impact the Town and School budgets and the tax bills of the other residents of the Town?
For links to other EPCAL websites and to read more on the current and background information on this important issue:
Go to the next page EPCAL on this website or click on this fast link:http://www.riverheadnpc.org/epcal.html
The draft contract has already been sent out to the buyers. The time for us to TAKE ACTION is NOW. Make your voices heard.
Photo courtesy of Design Plus