Word: schoeck
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Dates: during 1970-1979
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Environmental regulations jack up the cost of preparing sites for building; in many places that expense is becoming as heavy a burden as the price of the raw land. George F. Schoeck, a bank executive in Morris County, N.J., gives this example: "A builder used to put in a 28-foot road with no curbing. He'd compact it, roll it, lay two inches of black top and dedicate it to the town?and it would be their problem. Now the developer has to lay eight inches of stone with a three-inch binder coat of coarse asphalt...