Comments on: SHORE THING: My ‘Macaca’ Moment

By: Jennie Rogers

Jennie Rogers — Mon, 13 Aug 2012 13:53:41 +0000

The whole thing about buying the bank for over $200,000 and then selling the old school for $10 is so bogus! That’s the Town for you! And I should know since I was once the Town Clerk and obtained a $400,000 grant for the Town for repair of the fun pier and a fishing pier and even gave my grant writing fee towards their match. All I asked for was a $3,000 raise and never got it. I barely got a thank you from the Council. And didn’t even get an invite or a write-up when the project was completed and in the news. The Town chooses to spend where, when, and on whomever they want. Very one-sided and the Town folks don’t stand a chance. If you aren’t in the clique, you might as well hang it up!

By: Cape Charles Wave

Cape Charles Wave — Mon, 16 Jul 2012 21:27:15 +0000

GEORGE SOUTHERN RESPONDS: Jean — I’m not a lawyer, but as I wrote above, my understanding is that once the closing occurs, Echelon Resources will have title to the school, the basketball court, and the parking lot, and for their trouble they will also have a check for $40,000.

That said, there is a clause in the contract which states: “As a material part of the consideration for Seller to convey the Property to Purchaser, Purchaser agrees to construct the Project on the terms and conditions set forth herein. Seller would not convey the Property to Purchaser in the absence of Purchaser’s agreement to strictly adhere to the conditions set forth in this Section.”

But the contract doesn’t say what would happen if the Purchaser fails to construct the Project. Grounds for a lawsuit?

The Cape Charles Wave will be publishing the entire contract as an attachment to a related story — look for the Tuesday, July 17 edition.

By: Jean Johnson

Jean Johnson — Mon, 16 Jul 2012 19:12:09 +0000

The fact that out-of-town developer Echelon is receiving $40,000 cash upfront and title to the property with absolutely no performance commitment doesn’t sound like a good deal for Cape Charles. In their other projects (such as in Richmond and Danville, Echelon forms LLCs to obtain financing for the projects. If they are unable to attract the necessary investment for Cape Charles (a strong probability, IMHO), does the town get that money back?

By: Elizabeth Michaels

Elizabeth Michaels — Mon, 16 Jul 2012 13:44:35 +0000

George, thanks so much for a very informative and well stated article. Why does this whole thing seem ‘shady’? Hope to see more of your articles.

By: Bram Opstelten

Bram Opstelten — Wed, 11 Jul 2012 11:17:41 +0000

George, I think you and the Cape Charles Wave are on the way to being nominated for a Pulitzer: very impressive journalism!