Officials back another bad deal for EB
I am writing this letter because I want the East Brunswick mayor and Township Council to consider the ramifications of the Golden Triangle deal they have struck with Toll Brothers and to start putting the township and the taxpayers, instead of the developer, first.
Anyone with common sense could have seen that the first deal they struck with the developer whereby Toll Brothers could just back out of the deal or pay less money if the market went against them was absurd. The town had nothing to gain and everything to lose, while Toll Brothers was given a risk-free investment deal where no matter how the real-estate market went, the company would come out ahead.
The remainder of the letter can be reached at this link:
http://eb.gmnews.com/news/2012-09-25/Letters/Officials_back_another_bad_deal_for_EB.html
No comments:
Post a Comment