Letter: Another absurd property deal by Tiverton officials
To the editor:
I was shocked to read that Tiverton is considering yet another mega shopping center development. But the most shocking aspect of the story was that the town charged Legacy a mere $2,500 for a 90-day stand-still agreement with …
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Letter: Another absurd property deal by Tiverton officials
To the editor:
I was shocked to read that Tiverton is considering yet another mega shopping center development. But the most shocking aspect of the story was that the town charged Legacy a mere $2,500 for a 90-day stand-still agreement with a potential 60-day extension, basically taking the property off the market for almost six months. Twenty-five hundred dollars on a potential $8.5 million sale is absurd.
Shades of the Ranger School sale where the broker got more dollars than the town, or the Nonquit property where the council gave the buyer a free extension while ignoring a higher offer. Are our councillors just stupid or worse?
Virginia Butterworth
Tiverton
