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Stone Harbor

Just wondering...the second lot from the beach on 112th Street is on re-sale (sold for $10m last year) for $14m. Doesn't the borough own the beach lot? Has anyone thought about dramatically reducing the borough debt by selling the beach lot? Would certainly improve the current financial situation and indicate a recognition that the borough can't keep spending and driving up debt all while pretending that the home owners aren't noticing....

3 years ago Share

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