Home › News ›

Development Pressure On Home Of Bald Eagles

Posted by: Abhijeet Chavan
Thanks to: Jessica Daniels
1 May 2005 - 7:00am

Petty Island, home to bald eagle,s is under pressure to develop.

"Petty Island, owned by Citgo for the past 100 years were in negotiations with Cherokee Investment Partners of Raleigh, N.C. to develop the former refinery into homes and offices. In the spring of 2003 bald eagles were spotted, and the negotiations were sent into a tailspin. Citgo has offered to clean the land and donate it as open space to the state. However, the state has a different idea for the island. The town council voted to condemn Petty's Island, and pending the Supreme Court case will try to acquire the property for private development through eminent domain. Will the already endangered bald eagle lose it's battle for space?"

Full Story: The Fight Over the Future of Pennsauken
Source: The New York Times, April 24, 2005
»
Bookmark and Share
“
The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
”