Word: itness
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Dates: during 1980-1989
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Under the new offer, a subsidiary of Stop & Shop would pay the city $1 million for the road. To ensure that the company did not use it for other purposes, the city would have the option of buying back the land if the company did not build a grocery within...
But in addition to the purchase price, the city would have to pay the company prime-rate interest if it exercised its buy-back option. After 10 years, it would cost the city approximately $2 million to repurchase the land, Healy said.
But councillors remained unconvinced. "I would like to vote for this. But it doesn't smell too good," said Vellucci.
"The people live in this city," said Duehay. "It's not just a place where business goes on. You can't get away with this. You're not going to get away with this."
Lacovara said the journal's format will allow it to present issues in more depth and with better perspective on events.