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Developers do not like land leasing since it ties up their capital longer in a housing project, but they are offering the option because the housing market is currently in such sad shape. Says Lynn Krause, a builder in Joliet, Ill.: "I'd rather have people buy on a leased-land basis .than not at all." Part of the reason business is sluggish is that buyers are rebelling at the high price of a plot of land. Says Otto J. Paparazzo, a builder in Woodbury, Conn.: "Land is becoming so difficult to zone and improve that...
NAKED AT THE FEAST by Lynn Haney Dodd, Mead; 338 pages...
...Mike Schmidt. 48: Ben Ogilvie. 41: Reggie Jackson. 41: Gorman Thomas. 38: Tony Armas. 35: Bob Horner. 35: Dale Murphy. 33: Eddie Murray. 32: John Matberry. 30. 2. "The Barber" Sal Maglie. 3. Cesar Tovar and Bert Campaberis. 4. Rod Carew. Pete Rose. Johnny Bench. Fred Lynn. 5. Cincinnatti's Ray Knight. 6. Lee Lacy. 7. Sandy Koufax. Denny McClain. Jim Palmer. 8. Bobby Bonds. 189 in 1970 9. Catfish Hunter: Minnesota. 4-0 10. Walter Johnson. Gaylord Perry. Bob Gibson. Nolan Ryan. 11. Phillies. Pete Rose. Bake McBride. Gary Matthews: Braves: Bob Horner. Chris Chambliss. John "the Count" Montefusco...
...full impact of the new Pentagon spending, however, will not be felt for several years. Military expenditures in peacetime always involve long lead times because of the problems involved with developing new weapons and starting up production facilities. Executives at General Electric's aircraft engine division in Lynn, Mass., do not expect to receive big payoffs from the Reagan spending before 1984 or 1985. The Army, for example, wants more of GE's T-700 engines for its Black Hawk helicopters, but it will be at least a year before any additional machines can be produced. Said...
Cambridge city manager James L. Sullivan said last night that the main impact of the report--which warned investors away from Boston, Lynn, Lowell and several other Bay State cities and towns--will be "in terms of investor confidence in the community...