[CPEO-IRF] Navy property at Grumman, Bethpage (NY)

[Lenny Siegel <lennysiegel@gmail.com>]

Delays could cost Nassau Grumman property

BY DANIEL WAGNER
Long Island Newsday (NY)
July 10, 2007

The Navy is threatening to sell one of the largest open parcels of 
Nassau real estate because of the county's inaction.

Nassau had expected to receive and develop the 105 acres, which are at 
the heart of Grumman's former Bethpage campus and worth an estimated $80 
million for the land alone.

When Grumman Corp. sold off most of its Bethpage property in the late 
1990s, the project seemed a great success: Despite a slumping commercial 
real estate market, developers and commercial users snapped up the 
property -- including Cablevision's current Stewart Avenue headquarters.

...

For the entire article, see
http://www.newsday.com/business/ny-bznavy0710,0,696524.story?coll=ny-top-headlines

--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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