As recommended by the borough manager, the assembly voted on April 22 to sell the first 20 lots of the Alder Top Village (Keishangita.’aan) subdivision by auction to the highest bidder, dropping plans of the past 18 months to sell half of the parcels by lottery.
The intent of an auction is to raise more money than in a fixed-price lottery to help cover a larger share of the development costs for the borough-owned land just past Shoemaker Bay.
“It would be imprudent of us to use public dollars to subsidize a lottery,” Borough Manager Mason Villarma told assembly members.
The borough is advertis...
Reader Comments(0)