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MICHAEL BALTER SAYS:
PLEASE NOTE: REVISED WITH ADDITIONAL INFO
As folks here know, I have been reporting for some time on the sale of the Finkelstein site to a trio of partners led by Monday Properties.
I am just now receiving a trove of documents from the village requested via the New York Freedom of Information Law.
These documents indicate that the village has been aware since February 2022 that the buyers desired to have the site rezoned to accommodate a mixed commercial and residential development. The figure of 300 apartment units which has been rumored for many months is in fact one that the village discussed with the presumptive developers, as an upper limit if the amount of commercial space was limited. (Village engineer Dan O’Connor did the calculation of what the property could handle in terms of housing density.)
There is some interesting history to how all this came about that I will get into in the full report.
The village has worked with the developers to help develop their plans and it is clear from the documents that this cooperation from the village was key to the final decision of the partners to go ahead with the purchase of the property, for a fairly stunning price tag of $23,800,000.
Those most closely involved in this include Mayor Brian Pugh, village manager Bryan Healy, (former) Trustee Ann Gallelli, and village engineer Dan O’Connor.
(Village engineer Dan O’Connor did the calculation of what the property could handle in terms of housing density; the exact number was 292 units.)
All of this is well documented. I have more reporting to do, including interviews with the principals, and then will prepare a detailed report for The Croton Chronicle for sometime late next week.
An important aspect of all this is that village officials have clearly not been forthcoming about what they knew and when they knew it about the buyer’s plans for the property. This lack of transparency does nothing but breed distrust between the people of Croton and its government.
No matter what one’s views on housing, affordable housing, the future of the village, etc., I hope we can all agree that we have a right to be kept fully informed at all times about things that affect us all and the village we call home.