Wednesday, March 31, 2010

Plum Island's Future

Officials in the Town of Southold, which encompasses Plum Island, are starting to plan for its future, and real estate brokers are speculating about its use and its value. reports:

...the town will be conducting a planning study over the next year-and-a-half to determine future zoning regulations. ...

Supervisor Russell asserted last summer and again this week that "no high end subdivisions" will find their way onto the island. "We have plenty of those in town," he said.

John Nickles, co-owner of Lewis and Nickles Real Estate, cited a resort development as the island's “prime use," though admitted the laboratories wouldn't be quite suitable for it. As far as a price tag goes, “Robins Island was the last island sold, for $11 million. Though Plum Island could be stigmatized," he added. On a per-acre analysis, adjusted for inflation, Plum Island's land value alone would compare to $32.3 million, not counting any infrastructure considerations or perception of ecological blemish.

“I'm curious to see what happens myself," Donielle Cardinale, of Cardinale Realty Group, commented. “It's hard to put a price on any kind of stigma that might be attached to the island, but you can't put a price on the uniqueness of the island either. It isn't that often that islands are sold around here. The market value will be determined by whoever comes in and puts a price on it, which will depend on the uses that they're looking for there."



Blogger Sam said...

Tom I have to ask a question, maybe a situation here. When I was a kid, we sailed by that island many a time, and it is quite large, and the signs all said DANGER ANTHRAX and some prohibition from getting closer. Since the WWII days, that was anthrax city. it made us nervous because if our little sailboat or motorboat crapped out and we washed ashore, we'd have to be arrested and decontaminated by federal agents. No, never did that and thank God.

Anthrax is a soil-borne disease that is usually or always in the soil in certain areas, even your backyard. Livestock such as cattle, sheep, and goats can get it because they breathe a lot of dirt when grazing. It's rare but at one time, it was a strategic weapon for the USA - anthrax bombs.

So I am dubious about this whole deal, and would rather they turned Plum Island into a park where it still looked like 1975, and I even think they have WWII submarine lookout towers from the 1940s.

To think that this is a big land grab by some money-grubbing investors and politicians makes me sick to my stomach.

1:40 AM  

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