mikelbeck
09-07-2007, 08:36 PM
In a move he said he hopes will end a bidding war for 755 acres of town-owned land in Calverton, RexCorp Realty chief Scott Rechler sent a letter Wednesday to Riverhead Supervisor Phil Cardinale raising his group's bid to $125 million and threatening to withdraw his proposal if the town doesn't select it by Sept. 17.
http://www.newsday.com/business/ny-bzepcal075361735sep07,0,1974016.story
http://www.newsday.com/business/ny-bzepcal075361735sep07,0,1974016.story