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Stafford has deal to purchase Crow's Nest
Stafford, state partner to buy Crow's NestDate published: 12/19/2007 BY KAFIA HOSH After years of stalled negotiations, Stafford County agreed to purchase Crow's Nest, an environmentally-sensitive forest embroiled in controversy. In a meeting last night, the Board of Supervisors voted, 5-1, to buy a portion of the Crow's Nest peninsula. Supervisor Pete Fields cast the dissenting vote. He didn't give a reason. Supervisor Joe Brito abstained from voting, noting he didn't have enough time to read the purchase agreement, which the board received in a closed meeting before the vote. K&M Properties, a McLean-based developer operating as Stafford Lakes Limited Partnership, owns the approximately 3,000-acre tract. Stafford will now buy 1,720 acres for $19 million, with a two-year option to purchase an additional 1,200 acres for $16.2 million. The 1,720-acre tract is being paid for with a $9.5 million grant from The Virginia Department of Conservation and Recreation, and a $9.5 million, low-interest loan from the Department of Environmental Quality. K&M asked the property to be valued at $38 million, with the actual price paid by Stafford set at $35.2 million. The difference is considered a donation to the county in accordance with state and federal tax benefits available to the developer. The marshy peninsula, which sits between Potomac and Accokeek creeks, includes more than 1,000 acres of forest and is home to rare plant and animal species. Local environmentalists have pressured the county to purchase and preserve the land. But for years, Stafford and K&M could not agree on a fair price for Crow's Nest. The developer has asked as much as $65 million for the tract. After negotiations continued to stall, the county filed for condemnation of the land in November 2006. Despite the condemnation, K&M filed site plans to develop Crow's Nest into a neighborhood subdivision. K&M's attorney, Clark Leming, said it was more cost-effective for the company to settle than to continue with litigation.
Supervisors said the condemnation may have helped speed up the developer's decision to settle. "If the condemnation hadn't happened, I don't think we would have arrived at the agreement," said Falmouth District Supervisor George Schwartz.
Read more stories about Stafford Date published: 12/19/2007
BOS
(posted by
hpdomi
, Dec. 19, 2007 6:50 pm)
This outgoing BOS has stunk to high heaven! With the departure of Mr. Cavalier, the new BOS will be more open,people-friendly and environmentally conscious. Hallelujah! The wicked warlock is gone!
It is not complaining when something seems amiss
(posted by
WeimCity
, Dec. 19, 2007 12:19 pm)
notfromva - You definitely do need to do some background checks relating to the very small number of people who were screaming about getting Crow's Nest. I for one would have enjoyed seeing them buy it. This Commonwealth has open discussion/comment laws involving governmental actions - this surprise came after a closed session and there was no public notification or comment issue. Additionally there has never been a referrendum voted on to determine if Statford residents wasted this thing. It stinks
Stop Complaining...
(posted by
notfromva
, Dec. 19, 2007 11:44 am)
I am tired of hearing complaints about Crow's Nest. So many people were up in arms about the possible development of Crow's Nest. Now there are complaints about Stafford County finally purchasing the land to stop the development. It's a never ending cycle.
WeimCity, why do you need to research the purchase? Are you an official with the county or just another nosey citizen with nothing better to do?
it's the economy
(posted by
funlovinggrrl
, Dec. 19, 2007 10:33 am)
The real estate market is bad...developer wants the bird in hand. It's that simple.
WHY WHY WHY!
(posted by
Justice1
, Dec. 19, 2007 10:29 am)
Why do the taxpayers of Stafford COunty want to buy this property. This is a fleecing of money that should never be spent. I DO NOT want my tax dollars going to this. Please let the enviro lobby purchase this. That is what the Nature Conservancy and orgs like that are for. This is ridiculous!!! Please let your supervisors know this.
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