Ramapo
Land Company II Opens for Business
June 18, 2008 On Monday evening, the
Ramapo Town Board approved the sale of 65 acres in Suffern to one of
the most powerful developers in the area, Jeffrey Goldstein. At the
center of the deal was the man who brokered the sale, Supervisor
Christopher St. Lawrence. The land had been donated to the people of
Ramapo by Tilcon New York, and St. Lawrence engineered the sale to
Goldstein who plans to build a complex of 440 condominiums on the
Suffern site.
A number of problems immediately present
themselves concerning this transaction. Foremost is, what is the
Town Supervisor doing brokering real-estate deals that will create
high-density housing in Suffern?
Perhaps the answer lies in the
relationship between the Supervisor and this particular developer.
Goldstein is the head of Arco Management. Arco contributed $3,000 to
St. Lawrence’s campaign, securing for himself the distinction of
third highest donor right behind another local developer Michael
Tauber, the Tartikov "college" developer who has sued Pomona using
the RLUIPA statute. Tauber gave St. Lawrence $3,500 and he owns
second place.
Then there’s the question of the price.
The Journal News reported that the sale price was $4.4 million
for 65 acres, on which the builder feels he can put 440 condos. What
would you imagine you would be worth if you owned 65 acres in
Suffern? It certainly wouldn’t be $4.4 million.
Preserve Ramapo is currently researching
the sale of two lots in Monsey that sold for $3.2 million. The
combined size of the two adjacent properties is 1.81 acres. Less
than 2 acres for $3.2 million in Monsey compared to the deal cut by
St. Lawrence which is 65 acres in Suffern for $4.4 million.
Something is ridiculously out of whack. Incidentally, until last
Monday, you, as a resident of Ramapo, actually did own 65 acres in
Suffern. It was given to us, at no cost, by Tilcon. That is, we
owned it until it was offered at a pittance to a favored developer.
The third question relates to the terms of
the deal. When offering a property as large as this at such a
reduced rate, you would think the leverage would all be on the side
of the broker. Think again. The purchaser demanded from Ramapo the
right to build high-density housing totaling 440 units. And even
though Ramapo does not control the zoning in Suffern, agent St.
Lawrence wrote an escape clause into the contract that releases
Goldstein if Suffern doesn’t approve the building. To make matters
worse, if this does get built, Goldstein offered a bounty of $10,000
a unit, payable to Ramapo, for every condo over 440 that he is
allowed to stack on to the total, and St. Lawrence accepted the
rider.
There’s also the problem of the density of
this development. Suffern has a population of about 12,000. 440
condos would add 1,320—1,760 to the population if the new residents
average 3-4 members per family. Didn’t St. Lawrence recently step
over the Suffern officials and host a public meeting where he
insisted that Suffern keep its water and not sell it to United
Water? And yet with this sale, he has scheduled a potential 10-15%
increase in the overall population of the village, which will
further stress the local aquifer. And he has done this unilaterally,
we have been told, without consulting with Suffern. Has Christopher
St. Lawrence formally declared war on Suffern, or does he intend
this to continue on as a guerrilla campaign?
In the last political campaign, Preserve
Ramapo warned that the Town of Ramapo was accumulating open space
properties through multimillion-dollar purchases and was not
securing them from future sale by formally dedicating these
properties as publicly owned in perpetuity. To date, we have seen no
change, even though there were some mutterings from St. Lawrence and
his team (Ramapo Town Board) that maybe they would dedicate some
more of the properties. Only one property has been formally
dedicated.
It’s the Mitch Miller property that
surrounds the Supervisor’s home in Wesley Hills appearing in the
photo above.
And so we arrive at the final question.
With the Town of Ramapo claiming to be the largest single landowner
in the township, has the Real Estate Agency of St. Lawrence,
Friedman, Stein, Yeager and Hunter officially opened its doors to
the public (or rather to those select developers with whom they
already have a relationship and estimable affection)?
Michael Castelluccio