Monday, June 29, 2015

What Can Go Wrong With Land Preservation



I'm all for preservation of farmland but....

Hamptonites outraged at Madonna’s ‘farm fraud’
By Taylor K. Vecsey | New York Post
"Suffolk County and the Town of Southampton jointly purchased the development rights to the old Grabowski family farm for $10 million in 2010 to preserve it as open land. Madonna swooped in soon after and bought it for just $2.2 million,... locals gripe Madge has less interest in caring for crops than she does in creating a buffer for her new $4.9 million mansion. The nursery, like a virgin forest, would shield the eight-bedroom manse from prying eyes."

My Comments About The Article Above
Not only this but she will be paying less property taxes then I for my 1/4 acre on her 24 acres in upstate New York. If you think that doesn't happen around here, think again. I'm all for preserving farmland but not when it is said this land would be worth $17.5m otherwise. All too many times this turns into a cash cow for the wealthy. We need to get a handle on this.

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