-------- Your tax dollars at work ---------
A reader named Arthur wrote and asked about the benefits derived from the sale of the Boys School and the Former Naval Base and the role of the MacDonnell Group in these properties. Following is all I know about the present status of the two properties.
Boys School - Only tenant I know of in Boys School 21 buildings is the RRFB bottle recycling facility. I hear that plans were to make the Boys School a major entertainment venue but that appears to have fizzled out. Some of the land surrounding the Boys School has been clear cut. Can't see much else going on there. As I understand it the MacDonnell Group did two studies, a) study of possible uses of the Boys School, b) as well as a study of replacement costs for the facilities, buildings and over 200 acres of land - estimated at some $20,000,000 - Property purchased in controversial deal by MacDonnell-owned company named Bowood for
$550,000.
Former Military Base - Again MacDonnell companies did study of possible uses of Park and recommended a sound stage. MacDonnell group then got contract to build it with significant cost overruns, I am told. Base purchased by two Americans in controversial deal to acquire land and buildings with estimated replacement cost of $25,000,000 for $2,750,000 with SWSDA holding $1,750,000 mortgage with no mortgage payements for first three years. New owners have tried use as entertainment venue and opened a number of businesses including drive in movie, hotel, grocery store, candle-making operation, mini-putt, weekly newspaper,and have been trying to sell fencing and coastal lots. Understand most staff laid off last fall and businesses dormant.
Conclusion - Net benefits Boys School about same as Digby Wharf. Net Benefits so far at both properties, presumably property taxes to the Municipality of Shelburne.
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2 comments:
Thank you Mr. Cayer, from what you have stated I think that it would be safe to say that the community of Yarmouth now has a serious problem as it seems Mr. Anderson and Mr.MacDonnell have taken over the major planning process for the town's waterfront and airport.
How ironic that Mary and Jimmy are in a position to reap million$ with their scheme of selling lots on this newly subdivided Base property, and the taxpayers of Shelburne Co. won't see a dime. They haven't even begun mortgage payments on the land and they are selling it piece by piece - unreal!
We can thank Richard Hurlburt, Frank Anderson and his incompetent Board of Directors of the day for this debacle! I imagine the former Warden of the Municipality of Shelburne is in hiding at this stage of the game, or maybe Mary and Jimmy have found her a job as a candlemaker. What a farce...
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