mikelbeck
08-30-2007, 08:38 PM
The two firms seeking to purchase 755 acres of recreationally zoned land at the town-owned Calverton Enterprise Park are getting close to a bidding war.
Representatives of EPCAL Centre, which has offered $100 million for the land, said they would meet Riverhead Resorts' offer of $125 million as long as Riverhead Resorts demonstrates its proposal meets zoning requirements.
But both EPCAL Centre and Riverhead Town officials agree that Riverhead Resorts' proposal far exceeds what is permitted by zoning.
http://archive.timesreview.com/archive_detail.php?archiveFile=./pubfiles/mat/archive/2007/August/17/Business/45664.xml&start=0&numPer=20&keyword=epcal§ionSearch=&begindate=1%2F1%2F2003&enddate=12%2F31%2F2007&authorSearch=&IncludeStories=1&pubsection=&page=&IncludePages=1&IncludeImages=1&mode=allwords&archive_pubname=The+North+Shore+Sun%0A%09%09%09
Representatives of EPCAL Centre, which has offered $100 million for the land, said they would meet Riverhead Resorts' offer of $125 million as long as Riverhead Resorts demonstrates its proposal meets zoning requirements.
But both EPCAL Centre and Riverhead Town officials agree that Riverhead Resorts' proposal far exceeds what is permitted by zoning.
http://archive.timesreview.com/archive_detail.php?archiveFile=./pubfiles/mat/archive/2007/August/17/Business/45664.xml&start=0&numPer=20&keyword=epcal§ionSearch=&begindate=1%2F1%2F2003&enddate=12%2F31%2F2007&authorSearch=&IncludeStories=1&pubsection=&page=&IncludePages=1&IncludeImages=1&mode=allwords&archive_pubname=The+North+Shore+Sun%0A%09%09%09