I have been quiet lately about this issue but it is back in the news in the Adirondack region. Last week, another application was submitted to the Adirondack Park Agency to develop the 6,400 (approx) acres around Mount Morris in Tupper Lake.
The proposal is amazing and so ridiculous that I CANNOT believe the Mr. Foxman (what an appropriate name!) can submit it with a straight face.
The unbelievable part is the man expects to be funded by public bonds for 20 years. In fact, these public bonds will be the money that finances the project while Mr. Foxman and friends take in all the initial profits of the land sales. Those profits will be for the sale of 740 single residences (homes and townhouses) at exorbitant New York City real estate prices. The scheme is to sell these properties to dim witted downstaters that mistakenly believe that recreational property in the North Country is worth the same price as beachfront! (but oh, they are told -- no hurricanes or high insurance!). These dummies will line up to buy into these tax free havens that will feature motor boating, ski mobiling, ATV'ing, and snowboarding and skiing.
As they are lining up with their cash down, Mr. Foxman will be slyly taking the bond money in to build the roads and infrastuctures that are required to get this going. The taxpayers will be fronting all of this part of the development. And what will the taxpayers be getting for this? A promise that in 20 years, the new homeowners will just start paying property tax.
This real estate scheme seems to be played over and over -- just the characters change. Will people ever learn? How many more Poconos need to be developed and then abandoned. Will all you people that bought into these developments on the PA/NJ border and Poconos PLEASE step forward and say "This has happened to us. We were left with worthless homes, unfinished golf courses and manmade lakes with no swimming areas. Our investments are worth nothing. The developer is bankrupt and we own a house in an unfinished resort".
This is what is happening to Tupper Lake.
I feel sorry for the people of Tupper Lake. They want to believe. But they cannot afford to believe.
Wake up.
Please see these my biased choice of links (you should do more of your own research)
Project status today November 15
Mr. Foxman's criminal record (ahh... give the guy a break!)
Commentary from one organization against the project
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Amen! Everything you have said about this project being a land speculation or a property flip is absolutely true. What's more concerning is that the town fathers have fallen for it hook line and sewer. Yes I said sewer! Did you know that in the latest plans they intend to build 2 new sewage treatment plants that will be run by the development? One will dump its "treated effluent" into a pond on the mountain and the other will dump 18,200 Gallons of runoff PER DAY into Simond Pond!!!
That's the same mountain where the town of Town of Tupper Lake water supply originates and Simond pond is where many seasonal and full time homes gets their water not to mention were they swim.
So in essence, Foxman will sell you a house on a mountain looking over a lake that you will be using as a sewer.
I think he is using the Town of Tupper Lake as his sewer!
With each and every revision to the plan Foxman has not made a single change to improve things for Tupper Lake. Each change has been an addition to line his pockets more. Let's finally put an end to this. When will the people of Tupper lake realize that he is only selling snake oil?
I am so dead set against this project now that I refuse to spend penny one in any store in Tupper that displays one of those "Support ACR" signs.
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