Buried in the 12/26/12 Co-Leg communications packet was this letter from EDGE, proposing to purchase almost 83 acres from Oneida County at a "minimum" $10K/acre for use as a Business Park Extension at the old County Airport site in Whitestown. EDGE proposes to subdivide and resell the property, remit on resale an additional $5K/acre to the County (less sales expenses), and keep any difference in price (i.e., between the resale price and the $15K/acre total paid to the County) for use in building roads and other infrastructure needed at the Business Park extension. The letter indicates that EDGE has a prospective buyer for a portion of the property.
I'm not sure how "good" a deal this is for the County, but I am troubled that publicly owned property is being sold by an entity (EDGE) that is controlled by its "members" rather than the government itself.
More troubling is the statement that "additional economic development funding is required to meet the requirements for extension of water and sewer lines, construction of an access road and, because of the Consent Order, the purchase of sewer credits to enable the company to locate here."
Sounds to me like the taxpayers (or water and sewer ratepayers) are going to be soaked again to finance more sprawl.
What's your take?