Suffolk County Finally Ready to Name Developer for Yaphank Project

Summary


Three years after asking for proposals, Suffolk County said it's close to choosing who will build a mixed-use community on 250 county- owned acres in Yaphank.

Deputy County Executive James Morgo said the choice should be made by the end of the month. He also defended the length of the process, calling it "very meticulous," and, he added, that the ability to finance the ambitious project would be one of the deciding factors in selecting a development team.

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Extract


Suffolk County Finally Ready to Name Developer for Yaphank Project

But real estate industry experts said financing would be a problem for either of the two developers still in the h...

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