Take My Island, Please
Venezuela's national oil company is locked in a peculiar legal battle with New Jersey, one of its towns and a developer over the fate of a prime piece of real estate...
CITGO, the oil company, wants to turn a 392-acre island it owns in the Delaware River near Philadelphia into a federal bald eagle preserve. But the state recently rejected the oil company's gift of the entire island. That paved the way for the Township of Pennsauken and its Raleigh, North Carolina-based developer, Cherokee Investment Partners, to go ahead with plans for an 18-hole golf course, a hotel and homes on the island.
Thanks to Peter Slatin