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Full story: Lowell Sun

A geologist and appraiser for a proposed asphalt plant on Groton Road say the property is worth $46 million to $113 million -- far higher than the original estimate -- which the company insists the town must pay for breaching a contract.

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Sun Reader

Concord, MA

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#1
Jul 10, 2010
 
Another fine mess...
Lowellguy

Amherst, MA

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#2
Jul 10, 2010
 
Look's like that land is worth a lot more then previously thought!Oopps.
Sun Reader

Concord, MA

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#3
Jul 10, 2010
 
Who is the joke on now????
Westford

Westford, MA

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#4
Jul 10, 2010
 
What is Westford's position on this? Why didn't this issue come up during the Newport permit? Is TM sleeping on the job?
Sun Reader

Concord, MA

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#5
Jul 10, 2010
 
Westford wrote:
What is Westford's position on this? Why didn't this issue come up during the Newport permit? Is TM sleeping on the job?
TM? Does that mean Town Manager? Oh, she is on vacation just like the rest of them. WHo do you think is going to answer to this one? Any ideas?Too little too late!
Johnsworthy

Concord, MA

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#6
Jul 10, 2010
 
This is just nonsense and posturing by the Asphalt plant people. They really don't have a legal leg to stand on. Relax.
Bob

Brewster, MA

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#7
Jul 10, 2010
 
Of course they have no intention of mining the granite. There is no market for it. The Fletcher Granite just closed its doors because of lack of business. There is only a $100M value to t he land if they can sell the product.
Wondering

Orlando, FL

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#8
Jul 10, 2010
 
Where is the wise@$$ that made all of their winnings at the poker table? Maybe they would like to give Westford their number. Afterall, you offered to purchase the land.

Hobo/Cricket ... one of you losers.
Wondering

Orlando, FL

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#9
Jul 10, 2010
 
Johnsworthy wrote:
They really don't have a legal leg to stand on.
Haha. Stay tuned.
Scott - Newport Materials

New Boston, NH

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#10
Jul 10, 2010
 
Clarification. While Fletcher Granite has closed - the quarry - which is owned by another entity - is very much alive and well. I would not assume that the reason Fletcher Granite closed is because there is no market for granite.

Thanks,
Scott
Sun Reader

Concord, MA

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#11
Jul 10, 2010
 
How odd...Fletchers closes its doors one day, management goes on vacation, and this happens the next day and all of town management cant be reached for comment for they are all on vacation. Isnt someone minding town hall while all of this is going on so we can get some questions answered? This is a strange situation!
The Dinkinator

United States

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#12
Jul 10, 2010
 
The old 'ace up the sleeve' trick...
Hollywood

Orlando, FL

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#13
Jul 10, 2010
 
The Dinkinator wrote:
The old 'ace up the sleeve' trick...
This should be a lesson for all municipalities. The job of an elected administrative board is to approve or deny based on the facts presented.

A year later, and more than $1 million in studies proved that Newport's proposed asphalt facility was safe. The town's own peer reviewers verified that Newport's facility was NOT going to pose a health hazard to anyone.

But instead of voting based on the facts presented, and verified, the planning board pandered to an emotional group of uninformed NIMBYS, that to date have been unable to prove that the facility pose any sort of danger whatsoever.

Now the town faces a potential tab north of $100,000,000.00

Quite the pickle. Tax payers and neighbors can now thank the uninformed group that caused this mess, and their elected officials for not doing the job they were supposed to, and allowing emotion to play into an administrative decision.

Oh well.
Sun Reader

Concord, MA

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#14
Jul 10, 2010
 
Can someone out there in blog land tell me exactly WHAT type of experience our board members have - for example the planning board members? Is it a case of one saying things are "OK" so the others just agree so they dont have to waste time sitting around in a meeting looking for the real facts? I would truly love to know because it seems in the end the tax payers are paying for their blunders.
Simple question

Waltham, MA

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#15
Jul 10, 2010
 
Why should the land be valued based on the granite if the current owners have no intention of mining it?
Simple Answer

Canada

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#16
Jul 10, 2010
 
Simple question wrote:
Why should the land be valued based on the granite if the current owners have no intention of mining it?
Per the covenant, the clause reads FAIR MARKET VALUE.

The fair market value includes onsite mineral.
sleaze

Maynard, MA

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#17
Jul 10, 2010
 
Just another sleaze tactic to strongarm the Town into approving this POS asphalt plant.

Hope the selectmen aren't that stupid. Or they'll all find themselves ex-selectmen with an unprecedented recall election.
Sun Reader

Concord, MA

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#18
Jul 10, 2010
 
sleaze wrote:
Just another sleaze tactic to strongarm the Town into approving this POS asphalt plant.
Hope the selectmen aren't that stupid. Or they'll all find themselves ex-selectmen with an unprecedented recall election.
Dont set your expectations too high with this group (selectmen). I go back generations in this town and the selectmen get worse and worse. Try calling anyone of them right now re: this -#1 they wont pick up the phone,#2 you can leave a message and they will never return it. They are truly over their heads. hahahahaha
KSM

Paxton, MA

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#19
Jul 10, 2010
 
A mineral rights transaction; if the cost of excavation exceeds the value of the vein what is the parcel worth?
Simple Answer

Canada

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#20
Jul 10, 2010
 
KSM wrote:
A mineral rights transaction; if the cost of excavation exceeds the value of the vein what is the parcel worth?
Read the article. Don't you think these items have already been taken into account?

You are dealing with professionals, not amateurs.

Unless you think some random blogger knows more than people that have been doing this all their lives....

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