Did the Board explore other alternatives to raise revenue other than the sale of Camp Tek?
Yes, other options were considered, including the sale of development rights to only a portion of the property, which would mean we could never sell that portion of the land for development. In the end, the Town of Southampton decided that it was only interested in a purchase of the entire property. This option provides for the best utilization of the Council’s assets at this time. The Council receives a high market-value return, it eliminates its operating expenses on this parcel, and the Council does not make future obligations on any of its other property, as the sale of development rights would do.
