Word: landed
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Dates: during 1980-1989
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When suspected right-wing commandos backed by the U.S. killed six Jesuit priests in El Salvador last month, international attention was riveted on that war-torn land, which has been buffeted by 10 years of civil conflict and a recent guerilla offensive...
Almost one year ago, attorneys for Stop & Shop first approached the city, expressing an interest in purchasing Riverside Rd. in order to construct a Stop & Shop superstore. The company already owned a smaller store on adjacent land but needed extra space for its larger building...
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 10 years...
...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...
...attorney for the company said if an agreement were not reached soon, the current store would have to shut down within two years. The company would then sell the land to another developer, who might not be as restrained and responsible as Stop & Shop, he said...