The Mickster posted the following in the comments section, complaining that our town has agreed to pay $2 million for 4 acres land off King Street from Fairview Country Club, at least double what anyone has ever paid for that street before, to host the new firehouse. [Greenwich Time article inspiring his screed here].
He also notes that somehow the town paid $1.2 million for the same project without making the sale contingent on water tests which, when failed, caused us to write off the entire sum.
Hmm: paying twice the value of land? Buying land without test contingencies that every single homeowner or commercial land buyer requires as standard? There’s something rotten in the state of Denmark, and at 101 Field Point Road.
I’m still waiting, by the way, for an explanation of how Tesei got a $1.1 million mortgage to buy his new house with a $100,000 salary and his only asset, a condo on River Road, was deeply underwater with a $700,000 mortgage. Nice work, if you can get it.
Here’s the Mick:
Here’s how well our Town spends your money. I just got a notice they have negotiated to buy 4 ACRES from Fairview County Club on King Street for TWO MILLION DOLLARS to house the proposed Fire Station. Property not yet sub divided (lol). Couple of things here:
1. They already paid $1.2 MILLION for a 2.5 ACRE lot just north of the Griff in 2004 but “tests and analyses” AFTER (my emphasis) AFTER the purchase, deemed the site unsuitable. You couldn’t buy subject to running those tests??? Was there a rush? WWWWTTTTFFFFF!!!!!
2. Do you know the last time somebody bought ANYTHING on King Street for TWO MILLION???? NEVER – EVER – EVER!!!
3. This will be a bigger complex than all the other fire stations combined.
4. There’s .63 of an acre north on the Liquor Store on King asking $500k++ on the MLS – buy it for $400k and get the job done.
AMATEUR HOUR AT TOWN HALL.
FOUR ACRES…. OMG … Is it after 5.00 yet?
The public BET meeting where this item (the land purchase, not Tesi’s home purchase, alas) is set for Town Hall at 7:00 PM on March 17th. Might be fun to attend and ask embarrassing questions.
UPDATE: Just out of curiosity, I looked up the mileage and driving time from Glenville’s firs station to 1241 King Street, the site of the new firehouse. 3.7 miles, driving time (for a private citizen following the speed limit) 7 minutes.
How much is shaving a minute or so from the response time worth? How much will it cost to hire and station four new fire department members to the North West Fire and Music Hall?
The only comparable sale I could find for this property was 1093 King Street, which sold on February 26 of this year for $1.550 million. 3.32 acres, including an 1850 house that was completely renovated, stem-to-stern, in 2013.
UPDATE III: Louis Van Leewuen, one of the towns best, most experienced builders (Greenwichconstruction.com) tells me that demolishing and carting away the condemned property at 1327 King Street would take one day, cost $15,000, maybe a few thousand more if there’s a huge amount of asbestos to remove (the town says there are “minimal traces”). The town wants to spend $65,000 to do that job. Why?